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Rate hikes and tax changes have broken the back of the latest property boom
Key takeaways
- Interest rate hikes and the federal budget are affecting the property market.
- Demand was dented when the Reserve Bank began increasing interest rates earlier this year.
- Three consecutive interest rate hikes have taken away borrowing capacity to the tune of tens of thousands of dollars.
Why this matters: an international story with cross-border implications worth tracking.
Interest rate hikes and the federal budget are affecting the property market. (ABC News: John Gunn)
Link copied Share Share article. The early signs of an Australian housing market correction are now clearly visible.
Demand was dented when the Reserve Bank began increasing interest rates earlier this year.
Article preview — originally published by ABC Australia. Full story at the source.
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