Australia’s property market faces fresh peaks and troughs with slowing prices and interest rates tipped to drop
by Peter Hannam Economics correspondent from World news | The Guardian on (#6HGZ7)
Price trends are unlikely to be straightforward in 2024, even if the RBA's next move is a rate reduction
Australia's rollercoaster" real estate market faces fresh peaks and troughs in 2024 as the prospect of falling interest rates contend with a recent slowdown in price increases.
Renters, meanwhile, are experiencing smaller increases in payments, but the share of income going to rent remains at near-record levels with little relief in sight.
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