Home values to dip faster and further if RBA hikes rates: CBA | ABC NEWS
Commonwealth Bank is predicting the downturn in property prices will accelerate and expand further than expected if the Reserve Bank hikes interest rates again.
Australia’s biggest home lender says the ongoing dip in home values have caused economists are to revise their forecasts to a deeper correction.
The big-four bank released its prediction after Cotality data revealed a fifth consecutive dip for the real estate market.
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