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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
Forecasts see 2023 house prices at the mercy of RBA policy

Economists agree the outlook for house prices in 2023 is largely dependent on upcoming interest rate decisions by the Reserve Bank of Australia, and signs of weakness are already appearing. Complicating matters further, borrowers face an impending fixed-rate cliff.
Lachlan Buur-Jensen | 30th Nov 2022 | More