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RBA shocks with 11th rate hike, housing market upturn may be to blame

Economists attributed the rebound partly to the market’s expectations that interest rates had peaked. But the other key driver – the drastic supply/demand imbalance – means higher prices, especially for rents, may be further complicating the central bank’s task.

Lisa Uhlman | 3rd May 2023 | More
House prices notch largest-ever drop, but 2023 crash not likely

New data shows Australian house prices have dropped 8.4 per cent since their peak in May 2022, the largest decrease on record. While further RBA rate hikes could deepen the downturn, experts say a crash in 2023 is not inevitable.
Nicki Bourlioufas | 13th Jan 2023 | More