What happened last time house prices fell, and is this time different? - Sydney Morning Herald

The last significant downturn in the property market was before the pandemic when official interest rates didn’t rise at all. With fresh price falls looming, what could be in store now?

It was primarily because it became harder to get a loan, so you werent paying more to borrow but there was less borrowing available, Oliver said, adding there was some increase in mortgage rates for … [+3290 chars]

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