WHERE HOME PRICES ARE SLIPPING THE MOST – AND WHERE THEY’RE STILL GOING STRONG

There have been plenty of headlines lately about an imminent steep fall in housing markets across Australia, and prices are beginning to dip in some suburbs.

But they’re also still going strong in a number of other locations, proving that the cooling of markets is far from even.

Pessimistic outlooks, coupled with expectations of further interest rate rises by the Reserve Bank of Australia in the coming months, understandably has some feeling nervous.

Despite the doom and gloom, predictions of a downturn aren’t as guaranteed as they might seem, according to Cameron Kusher, executive manager of economic research at PropTrack. “Prices were already falling before interest rates increased,” Mr Kusher said. 

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