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Downside risks emerging for house prices

Nearly all of Australia’s property markets posted gains in October, but analysts say downside risks are beginning to emerge, most crucially the possibility of an earlier than anticipated interest rate hike.

Aerial photo of houses in a typical Sydney suburb
House price growth continued to slow in October, compared to the gains in the early part of 2021. Photo: Shutterstock

Nearly all of Australia’s property markets posted gains in October, but analysts say downside risks are beginning to emerge, most crucially the possibility of an earlier than anticipated interest rate hike.

CoreLogic’s Hedonic Home Value Index showed Australian dwelling prices rose by 1.5 per cent in October, with every capital city and regional market recording growth with the exception of Perth, where the median value dipped by 0.11 per cent.