World2h ago
House prices head for historic 10% drop as fourth interest rate hike looms
Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while analysts expect market downturn to continueGet our breaking news email, free app or daily news podcastThe 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 Australia...
This story was originally reported by The Guardian Australia. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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