Official results for the end of 2021 from property research house CoreLogic are due on Tuesday, but the daily index shows a rapid deceleration in the property markets in December. Sydney median home values increased at the relatively slow rate of 0.3 per cent over the month, while Melbourne values fell by 0.06 per cent.Stephen McKenzie
Deloitte Access Economics partner Chris Richardson is among experts who say the boom is fast dissipating in the Sydney and Melbourne markets. One of the major factors is the prospect of rising interest rates, with one, two and three-year fixed mortgage rates increasing.
Why would price drop, has CCP decided not to buy houses in Australia at any cost?
Must be a slow news day. When in doubt trot out the self-serving opinions of salesmen whose sole interest is to promote turnover as “experts”
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: smh - 🏆 6. / 80 Read more »