Interview: What a rate cut means for housing affordability

Peter Munckton, Chief Economist at Bank of Queensland, shares his insights on the anticipated interest rate cut and its implications for housing affordability. He discusses the growing imbalance between housing demand and supply, emphasizing how soaring home prices strain finances. Munckton highlights the disconnect between low unemployment and rising housing costs, while exploring supply challenges including regulations that hinder construction. He also analyzes how rate cuts could benefit borrowers by increasing disposable income and impacting overall consumer perceptions.