The $50,000 hip pocket hit making Melbourne home buyers rethink their next move - Sydney Morning Herald

Interest rate rises have already cut the maximum amount home buyers can borrow, causing them to rethink what and where they can buy, and budgets could fall further as soon as next week.

Buyers in Melbourne have already started to step back from the market, after the COVID-19 induced boom. Home values are down 1.8 per cent over the past quarter, CoreLogic figures show, albeit still 3… [+2655 chars]

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