What effect would an additional interest rate hike have on property prices in Australia?

Benjaminnoah18 Jul, 2022Real Estate

We all know that interest rates have increased in recent months, with the Reserve Bank threatening to increase them further in order to lower inflation. It is very difficult to control inflation once it has established itself. Economists worry that rising interest rates could make housing more expensive and reduce buyer demand, which will in turn lead to lower prices. It is understandable that rising borrowing costs will result in lower buyer demand and prices will fall.