Discover why housing prices dropped by 10 percent in major cities in Australia

Discover why housing prices dropped by 10 percent in major cities in Australia

In minutes released from the February Monetary Policy Meeting of the Reserve Bank Australia,board members noted that the marked drop in housing prices in Sydney (12%) and Melbourne (9%),since their respective peaks in 2017, was “unusual” given the current low mortgage interest ratesand declining unemployment. Reserve Bank of Australia, Minutes of the Monetary Policy Meeting…

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