Story thread · 3 reports / 3 sources
House prices head for historic 10% drop as fourth interest rate hike looms
theguardian.com · 13d
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Across 3 sources · syndicated copies counted once
Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while analysts expect market downturn to continue Get our breaking news email , free app or daily news podcast The prospect of the steepest property market downturn in history will not stop the Reserve Bank from delivering a fourth interest rate hike as it battles to bring inflation back under control , economists say. New data from Cotality revealed house prices are now falling in more than 90% of Australian suburbs, amid a perfect storm of higher borrowing costs, a weak economy, and a once-in-a-generation change in the tax treatment of property investors. Continue reading...
First report: Property downturn worsens with buyer activity 'particularly low' — abc.net.au, 14d
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