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All indicators point to major Australian house price falls

July 5, 2022 - 00:05 -- Admin

Even before today’s expected 0.5% rise in the official cash rate, Australia’s various housing indicators are flashing red for property prices. The latest national auction clearance rate, which has traditionally been a sound leading indicator for price growth, has collapsed – recording its worst result since April 2020 when the nation was in hard lockdown:

The post All indicators point to major Australian house price falls appeared first on MacroBusiness.

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