Sydney, Melbourne's great house price correction has begun - The Australian Financial Review

A 15-25 per cent correction has commenced after house prices declined in May for the first time since the short-lived, pandemic-induced falls that ended in September 2020.

This process commenced in November as a result of the Reserve Bank suddenly dropping its commitment to not raise interest rates until 2024, and its so-called yield-curve target whereby it kept the in… [+5739 chars]

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