Pace of house price growth to cool as risks emerge
Nila SweeneyReporter
The pace of growth in house prices, already modest in the biggest markets of Sydney and Melbourne, is expected to slow substantially as interest rates remain higher for longer and as more as downside risks emerge for the market, experts say.
The Reserve Bank of Australia kept the official cash rate on hold at 4.35 per cent on Tuesday, but revised its forecasts for annual inflation upwards.
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