PIPA analysis of five stretches of rising cash rates since 1994 found house prices generally continued to rise even as rates went up. Chairman Peter Koulizos said local conditions in each economy, buyer confidence, affordability and the availability of credit mattered more than the cash rate alone, and argued that easier access to finance had been a central driver of the recent surge in values.
Reported by
Aimee Glossop, The Property Tribune, 17 November 2021
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