Home Prices Surge, Dampening Hope for Rate Cuts
Update: 2025-11-30
Description
New data reveals that rising home prices in Australia have offset the benefits of recent interest rate cuts, with the average home price nearing $889,000. While growth slowed slightly in November, a two-speed market is emerging, with major cities like Sydney and Melbourne cooling off, and mid-sized cities like Brisbane, Adelaide, and Perth experiencing significant surges. The comeback in inflation and potential rate hikes by the Reserve Bank could cap price increases, particularly in expensive markets. Meanwhile, rents are rising nationwide, with a five percent increase over the past year, making it challenging for renters to find affordable housing.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
