House prices fall for seventh consecutive month - ABC News & Headlines – Australian Broadcasting Corporation
Direct Source Verification:
This story is aggregated from ABC News Australia (abc.net.au). Full reporting rights and copyright belong to the primary publisher.
House prices are falling at the fastest pace in 40 years, wiping around $63,000 of value off the average home.
House prices are falling at the fastest pace in 40 years, wiping around $63,000 of value off the average home.
It might sound like a good thing for those looking to crack into the market but experts say that's not necessarily the case due to higher interest rates.
The cost of borrowing is having a big impact and it's likely that will get worse after the Reserve Bank meets tomorrow.
House prices are falling at the fastest pace in 40 years, wiping around $63,000 of value off the average home. (ABC News: John Gunn)
Original Source
https://www.abc.net.au/listen/programs/worldtoday/house-prices-fall-for-seventh-consecutive-month-/107337020
