Interest rate hike strains property market

New data revealed the biggest recent drops in Sydney prices, with houses in Mulgoa and units in Tarren Point down 22 per cent.However, in Balmain East, Concord West, Waterloo, and The Rocks, there’s been double-digit growth.

“The reality is, the prices have adjust over the last couple of months, but of course, there is a lot of good value,” Ray White Auctioneer Tim Snell said.

Good all Australian property an land prices are inflated by at least twice or more of there actual price so the government gets more tax keeping an the poor out of home ownership while bring in more economic migrants driving prices up more

Hey sky news how’s the ratings these days? Ha ha

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Maidstone home passes in at auction, sells later for $1.276 million as nervous buyers hold backBuyers are keeping their hands in their pockets, trying not to pay too much for property in a weakening market that’s likely to be hit with more interest rate rises. auctions 1.2mill to live in maidstone 😂
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