Rising mortgage interest rates, cost of living pressure will flatten home prices: economists - The Age
3/31/2022 12:00:00 AM3 years 1 month ago
by Rachel Clun
by Rachel Clun
After the strongest yearly growth in home prices in 2021, when prices jumped nearly 28 per cent, economists say the property market is showing signs of cooling.
Mr Oliver said there has been a sharp rise in fixed rates, which are now above variable interest rates. You go back a year ago, you could get a three-year fixed rate down around 2 per cent. Now that… [+1751 chars]
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