UK house prices to plunge 20% because of rate hike?
This is the latest news about the AU property market. Read the latest blog post here: Property market Australia showing a drop for the first time since 2018. Negative? It’s impacted by the rise in interest rate. Briefly, interest rate is not so great for the property market. Buyers will find repayments become higher, thus their application may not be approved by the bank. Sellers meanwhile may have to reduce their selling price as buyers are just not so happy to accept the same price as their repayment has been adjusted higher.