House prices on the march as buyers get in before rate cuts
House prices are on the march again as a bumper auction weekend showed there is strong underlying demand for housing – especially in Sydney, Brisbane, Perth and Adelaide – even as economists predict the first Reserve Bank rate cut will take longer to arrive than expected.
Based on its rolling monthly index, CoreLogic head of research Tim Lawless said capital city house prices were on track to rise another 0.6 per cent in March.
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