PIPA analysis found dwelling prices were less tied to the cash rate than commonly assumed, noting the eight capitals gained only 1.24 per cent while the rate sat at 1.5 per cent between September 2016 and September 2019. Chairman Peter Koulizos said the current strength reflected heavy buyer demand and scarce listings, and that rate rises would not automatically stall growth.
Reported by
Gerv Tacadena, Broker News, 26 July 2021
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