
Factors affecting property prices besides interest rates
Much has been written about the impact of rising interest rates on our city’s real estate market, but they’re not the only factor driving property values.
Much has been written about the impact of rising interest rates on our city’s real estate market, but they’re not the only factor driving property values.
The RBA estimates that more than 50% of households with a fixed-rate mortgage expiring in 2023 will face a 40 percent or greater increase in mortgage payments.