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New analysis from Domain has found when mortgage rates rise by 1 per cent, it will impact national home values by 1.34 per cent.
PRICES
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More Adelaide properties have dropped in value over the last six months according to a new study, although the city’s inner-ring suburbs show strong growth.
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Many home owners who were prompted to borrow more in a rising market face negative equity.
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The full impact of the Reserve Bank’s interest rate rises hasn’t flowed through to house prices yet, REA Group economist Angus Moore says.
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Australia’s property market has experienced a switch amid skyrocketing interest rates and a year of falling prices.
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Sydney home sellers are discounting properties by their largest sum in years, as reduced buyer spending power forces them to slash their price expectations.
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Australia’s expensive property market has been blamed on high population growth, few large cities and sprawling low-density suburbs, rather than low interest ra…
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Real estate companies are feeling the pitch from the low volume of sales and listings besetting the property market.
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Darwin property prices were relatively stable in 2022, but falls are tipped this year.
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Sydney home sellers have become accustomed to dropping price expectations in the market downturn, but some home values are holding up better than others.
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West Australian homeowners and potential buyers have been warned that property prices are predicted to take a dive over the next year.
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Don't freak out about falling house prices. But don't get too excited about potential bargains either.
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