Property prices dropped further in September and falls ‘could accelerate’ again with rate rise
by Peter Hannam from on (#64A16)
Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia
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Australia's property prices fell another 1.4% in September as the cost of borrowing increased, and another interest rate rise is likely after Tuesday's Reserve Bank meeting.
The recent declines are chipping away at the huge property price increases that followed the troughs during the pandemic.
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