Impending interest rate pain ‘fuel to fire’ of slipping property prices

Melbourne property prices are tumbling at their fastest rate since the global financial crisis in 2008, with impending interest rate pain this week set to see prices slip even further.

“It’s going to add some further fuel to the fire, you’d have to imagine,” Tim Lawless, Head of Research at CoreLogic Asia Pacific, told Ross and Russel.

But he says there are other factors to consider when assessing whether it’s necessarily bad news.

Press PLAY below to find of what they are

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