Wednesday, June 8, 2022

Sydney Real Estate slowdown worst since 1989

The interest rate increase has started to hit the most leveraged real estate market in the country with Sydney recording a reversal in their market by 1.5% since January. With the average Sydney home loan at $786k, the two rate hikes in the last two months amounts to an increase in repayments of almost $500 / month! According to this article, other markets like Perth follow Sydney's lead in 12-18 months time. Read more here.

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