The Sydney suburbs where property prices are plunging by $200,000 in just three months

Upmarket suburbs close to Australia’s big cities are suffering the biggest decline in house prices with more interest rate rises expected.

Sydney and Melbourne have already suffered the first quarterly decline in property prices since mid to late 2020 – and that was before the Reserve Bank of Australia slashed the cash rate to a record-low of 0.1 per cent.

In the other markets, where overall prices are still rising, some upmarket suburbs with seven-figure price tags are now suffering a…

Read the Full Article Here dailymail


Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

Leave a Reply

Your email address will not be published.

NBN price rise: Network says Elon Musk’s satellite service threatens its existence

UK weekend weather: Temperatures in London are set to fall to 14C on Sunday