‘Turning point’: Home prices grind higher as rate hikes begin to bite
Property prices are at record highs around the country, but back-to-back interest rate rises have slowed the pace of price growth. Click to view:
The property market has made a strong recovery in 2023, with sales up on last year and capital city prices at an all-time high.
Despite 13 rate rises over the past 18 months, reducing many buyers’ borrowing capacity, sales volumes are up by 15.5% on the same time last year.
Property prices are at record highs around the country, but back-to-back interest rate rises have slowed the pace of price growth. Click to view:
Demand from investors accelerated in the past year, despite rent growth slowing and rental yields declining, a new report has revealed. Click to view: