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Building and construction group Master Builders Australia (MBA) has raised concerns that the RBA’s latest 25 basis points rate increase will delay housing recovery by making home ownership even less affordable for renters and first time buyers.
“This latest rate rise will certainly impact harder on a number of low- to middle-income households,” said MBA chief executive officer Wilhelm Harnisch.
Harnisch has called on federal, state, and territory governments to examine a unified national strategy to combat tightening housing affordability for low- to middle-income households.
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