Housing Market 2024 Interest Rates Australia. As we move towards the end of a year characterised by housing shortages, spiralling home and rental prices, and rapidly ascending interest rates, many australians have been left wondering. Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents across australia in 2023.
Cba’s head of australian economics gareth aird. The rba’s official cash rate currently sits at.
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