Oliver’s Insights – the RBA hikes rates by another 0.25% – are we there yet?
The RBA hiked again by 0.25% taking the cash rate to 3.35%. It continues to expect to increase interest rates further.
Five reasons to expect a cooling in the Australian property market and falling prices in 2023 Key Points After a 22% rise in Australian home prices this year, they are expected to slow to 5% growth in 2022 with prices likely to fall 5-10% in 2023. The main drivers behind the slowdown are: worsening affordability; rising supply; rising rates; macro prudential tightening; & a rotation in spending away from housing. The main risks on …