The nation’s residential property market is poised on a knife edge as interest rates continue to rise, auction numbers slide more than 40 per cent on last year and prices tumble from record highs.
Economists predict interest rates could peak in the first quarter of next year and begin to fall by August, which will be a signal the housing market is stabilising.
Duncan HughesReporterDuncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au
