Oz Blog News Commentary

RBA breaks housing market

December 10, 2023 - 00:05 -- Admin

The Reserve Bank of Australia’s (RBA) 0.25% increase in the official cash rate (OCR) last month had an immediate damping effect on housing values, particularly in Melbourne and Sydney. CoreLogic’s daily dwelling values index has recorded a sharp slowing in value growth at the 5-city aggregate level following the latest rate hike, driven by Melbourne

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