House prices head for historic 10% drop as fourth interest rate hike looms
Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while analysts expect market downturn to continue The prospect of the steepest property market downturn in history will not stop the Reserve Bank from delivering a fourth interest rate hike as it battles to bring inflation back under control , economists say. New data from Cotality revealed house prices are now falling in more than 90% of Australian suburbs, amid a perfect storm of higher borrowing…
The Guardian
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Signal breakdown
CurrentWire ranked this story 63 of 100 in the snapshot this page was rendered from.
- Freshness
- 33.5 of 35
- Source authority
- 14 of 20
- Coverage breadth
- 4 of 20
- Geographic relevance
- 3.5 of 10
- Story prominence
- 8 of 10
- Velocity
- 0 of 5
Strongest signal: freshness, 33.5 of 35. How each signal is calculated.
Filed under Business · International · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: Inflation (9).
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