Australian property market ‘starting to see prices fall’ English Headline

Interest rate rises are contributing to slowing household spending and business investment.

REA Group Economist Angus Moore told Englishheadline Australia that the property market in Australia “are starting to see prices fall”.

“For every 50 basis point increase in the cash rate, maximum borrowing capacity comes off something like five per cent,” he said.

Despite declining deposit requirements for property purchases, the amount capable of borrowing also decreases.

English Headline

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