Why are property prices falling sooner than expected? - Sydney Morning Herald

Conventional wisdom said a rise in official interest rates would be the trigger for housing prices to fall because it would reduce the amount of money that buyers can borrow. So what changed?

The evidence is pretty clear. Prices have peaked in the two biggest capital cities. Affordability has become stretched because prices have gone up so much. There is a limit to how high they can go, h… [+2712 chars]

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