Stocks to Avoid in the Housing Downturn
The recent decline in Australian housing prices is the greatest we have seen in 9 years. Investors are not pouring funds into property at the same rate as before as rental yields tumble. The royal commission into banking has created a local credit crunch. Many consumers are finding their loan approval amounts have dropped significantly due to stricter lending practices. Three of the big four banks have recently increased their variable interest rates on home loans. This is going to …