the 30 year US mortgage rate to increase 0.4% (2.65% -> 3.05%) through January and February, despite central banks doubling down on low interest commitments to assure markets they will let inflation run rather than raise rates prematurely. 15 March - Term Funding Facility creates debt binge for banking sector 16 March - APRA release quarterly ADI statistics for December quarter 2020, showing "higher loan-to-valuation ratios and debt-to-income ratio" Debt-to-income ≥ 6x increase by 26.3% LVR ≥ 95 increase by 27.4% 19 March - Parents become 9th biggest lender in Australia, creating a financial system feedback loop ensuring that a downturn in housing affects not only first home owners and young families but also retirees, with large implications to pension and superannuation systems. 29 March - APRA chairman Wayne Byres states house prices not within remit of financial stability mandate. 29 March - The Term Funding Facility (TFF) is alleged to fuel a 2023 housing debt time bomb 30 March - Banks plan to avoid 2023 debt cliff by repaying TTF early and increasing saving rates 9 April - RBA flags booming property market as risk to the financial system 22 April - Mortgage rates in Australia begin the long path northwards 30 April - As the housing affordability crises worsens, the blame game ramps up, with Federal tax concessions, State planning laws, loose monetary policy and lax lending standards all contributing factors 30 Dec - Major Australian banks start predicting price drops for 2023. See also Australian Dream Australian property market Canadian property bubble Home ownership in Australia House price index References External links Economic history of Australia Housing in Australia Real estate bubbles