Bellwether Sydney advanced 0.3% while prices in Melbourne stabilized, resulting in an overall increase of 0.6% for Australia's major cities - unchanged from February, property consultancy CoreLogic Inc. said...
Australia's property market surprisingly recovered last year despite the Reserve Bank's aggressive policy tightening campaign since May 2022...
Lawless said any cuts to the cash rate before the end of 2024 may not necessary spark another rebound in house prices...
#australian-housing-market #property-prices #interest-rates #housing-affordability #migration-impact
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