The three unstoppable cities driving continued property price records
For almost a year and a half Australian property prices have been rising and nothing is suggesting the juggernaut is to be slowed any time soon.
Adelaide's property market is continuing to deliver the strong capital growth that has been a hallmark of the city since Covid. (Image source: Shutterstock.com)
There’s been a general rule in property that when interest rates go up, property prices go down.
Except when they don’t.
As this week’s Australian Bureau of Statistics data revealed, ‘sticky’ inflation that rose this month to 3.6 per cent means interest rate cuts are pretty much off the table for 2024.
But property prices, especially those in the mid-sized capitals, continue to brush off such concerns and register ever-higher record median dwe…
