House prices to fall as rate hikes bite

By Colin Brinsden, Aap Economics and Business Correspondent
Updated June 1 2022 - 2:56pm, first published 2:53pm
House prices declined in May, led by falls in Sydney, Melbourne and Canberra.
House prices declined in May, led by falls in Sydney, Melbourne and Canberra.

The first decline in national house prices in almost two years is a sign of things to come as rising interest rates take their toll, economists say.

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