PIMCO says that Aussies are ‘trigger happy’ when it comes to property

In a detailed study that compares Australian property buyers to those overseas “PIMCO researchers found that Australians' decision to borrow is driven by falling interest rates and rising house prices – not economic fundamentals that reflect the health of the economy like employment. Australians also appear to be 'trigger happy' about debt – they respond far quicker than other borrowers to changes in interest rates and asset prices. They start borrowing more after only six months of increases in house prices compared with a year in the US.” AFR subscribers can access the full article: (VIEW LINK)