Property price forecasts slashed as borrowers told to brace for wave of rate hikes
Borrowers could face further mortgage pressure as predictions of additional interest rate rises have also prompted economists to downgrade property price growth forecasts for 2026.
Further interest rate increases could slow housing price growth across Australia, while making life difficult for indebted borrowers. (Image source: bmphotographer/Shutterstock.com/Canstar/API Magazine)
Borrowers should brace for a wave of interest rate hikes.
Two of the country’s major banks are now tipping the Reserve Bank of Australia (RBA) will make a second and third successive rate hike in coming months.
It’s a scenario that could push mortgage repayments higher while dampening housing market momentum. New forecasts from National Australia Bank, ANZ and Westpac suggest the central bank could lift the cash rate again in March, followed by…
