Further interest rate hikes could ‘devastate’ property market without easing unaffordability
With RBA predicted to lift cash rate for fourth time this year on Tuesday, experts warn a fifth – or even sixth – rise would be ‘overkill’ Get our new political email, free app or daily news podcast Two or even three more Reserve Bank interest rate hikes would be “devastating” for the property market but still leave housing more unaffordable than ever as higher borrowing costs trump lower prices, experts say. The RBA’s monetary policy board is widely expected on Tuesday afternoon to announce an…
Where: Australia
Exact coordinates
australia: -25.270, 133.780
Read it at The Guardian See this on the map
What might happen next? AI-generated
These scenarios are written by an AI language model from the headline and summary above. They are not predictions from the newsroom, and they are not evidence of anything. Every one is given a deadline and checked against later coverage, and the score is published on the ledger — including the ones that miss.
ForecastGeo shows the headline and summary published by the newsroom and places the story on a map. The full article lives at the source.