✉news BusinessReal Estate first seen 12 d ago, last 5 d ago, peak #1
Australia's Housing Slump Deepens as RBA Prepares Rate Rise
Original: Australia’s Housing Slump Deepens as RBA Prepares Another Rate Rise
Australia's housing downturn is worsening, with the Reserve Bank of Australia expected to deliver another interest rate increase. Analysts warn further tightening will push home prices down more sharply, adding pressure on mortgage holders already strained by successive rises. The prospect of higher borrowing costs is drawing attention to how far property values could fall before conditions stabilise.
Why now: The RBA's expected rate hike is renewing fears of deeper falls in Australian home prices.
Reserve Bank of AustraliaAustralia
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