Australia Housing Faces Deep Slump as RBA Eyes Hikes
Australian house prices face a severe downturn as the central bank prepares to raise interest rates to combat persistent inflation driven by global shocks. Unlike past cycles, falling property prices will not prompt rate cuts.
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Australia's housing market faces its worst downturn in a generation as falling property values coincide with expected interest rate hikes. National home prices have dropped nearly 4% from their peaks.
