Interest Rates

Experts have offered mixed opinions on whether the property market will continue its run of strong price growth or slow down this winter.

The cash rate has remained unchanged at 4.35 per cent but the RBA’s decision not to cut could boost listings, which have been critically low and pushing up prices.

The Reserve Bank of Australia has held the cash rate at 4.35 per cent despite March quarter consumer price index figures showing an uptick in inflation.

Without knowing if the cash rate has peaked, or when it might come down, economists and experts are divided in their predictions for the property market in 2024 and beyond.

In a market defined by scarcity, Sydney celebrity agent Gavin Rubinstein suggests digging down instead of building up.

The financial counsellor and radio is a household name in the US but Australians are choosing to go to him with a major mortgage question.

Mortgage prison is a finance and property phrase that has emerged from the glum depths of interest rate stress but it does not have to be permanent position of pain.

Despite many home buyers holding out for that rate cut, more and more economists are now warning cuts this year are looking less likely.

The fixed rate ”mortgage cliff” that was predicted to decimate the housing market has failed to materialise.