Home prices drop for the second month in a row as Reserve Bank's aggressive interest rate rises hit hard - ABC News


6/30/2022 12:00:00 AM2 years 10 months ago
by Sue Lannin, Rhiana Whitson

Aggressive interest rate increases have caused the second monthly fall in home prices across Australia's capital cities. It is the sharpest slowdown in the property market in 30 years.

National property prices have fallen for the second month in a row, as higher interest rates and unaffordable prices hit demand for homes, while rental rates are rising at a faster rate than housing … [+7677 chars]

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