EconomyFurther rate hikes could ‘devastate’ property market without easing unaffordability

Experts warn that two or three more Reserve Bank of Australia rate rises could devastate the property market while leaving housing even less affordable, as higher borrowing costs outweigh falling prices. The RBA is widely expected to raise its cash rate from 4.35% to 4.6%, adding about $100 a month to interest on a $700,000 loan.

Australiainterest ratesproperty markethousing affordability

TThe Guardian★★★☆☆2026-09-28 15:00Original