Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia
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Australia’s property prices fell another 1.4% in September as the cost of borrowing increased, and another interest rate rise is likely after Tuesday’s Reserve Bank meeting.
Last month’s drop in CoreLogic’s home value index was less than the 1.6% fall in August but the pace of declines could quicken again if the RBA’s key interest rate keeps rising, said Tim Lawless, the data group’s research director.
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Continue reading…Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around AustraliaFollow our Australia news live blog for the latest updatesGet our free news app, morning email briefing or daily news podcastAustralia’s property prices fell another 1.4% in September as the cost of borrowing increased, and another interest rate rise is likely after Tuesday’s Reserve Bank meeting.Last month’s drop in CoreLogic’s home value index was less than the 1.6% fall in August but the pace of declines could quicken again if the RBA’s key interest rate keeps rising, said Tim Lawless, the data group’s research director.Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…