Interest rate cuts fuel cascade of across-the-board property price gains
Any doubts that interest rates have an impact on property prices have seemingly been dispelled by this month's data showing dwelling values performing strongly around the country.
Interest rate cuts have seemingly opened the floodgates for Australian property prices. (Image source: Shutterstock.com)
Interest rate cuts might be sparing borrowers $100 per month but those looking to buy a mid-priced property will be paying almost $6,000 more than they would’ve forked out last month.
The RBA’s move into a rate-cutting cycle after years of cash rate stagnation has put a rocket under the property market.
In May, the median dwelling value rose another 0.5 per cent, with every capital city posting at least a 0.4 per cent increase and some markedly…
