House prices defy RBA's big call: REIA
The two biggest state capitals are bearing the brunt of property price declines, with Brisbane, Adelaide, Perth and Darwin proving far more resilient in the face of rising inflation and interest rates.
Hayden Groves, President, REIA, said rental affordability remains the most significant challenge facing the housing sector. (Image source: Shutterstock.com)
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves, said their latest Real Estate Market Facts has found that Australian housing prices fell over the June quarter as rising interest rates and inflation impacted affordability but not all cities and regions are experiencing price contractions.
Combined, the June quarter of 2022 saw a decline in the weighted average capital city median price for both houses and other dwelling…
