Tick-Tock: Home Prices Under Pressure As Markets Fade.

Last week we got articles suggesting that buyers worry about the ongoing conflict in the Middle East and sellers rushing to offload their homes have cooled the property market. The latest data from the weekend certainly confirmed ongoing weakness. The clock is ticking on weaker home values. It is indeed likely that the interest rates will rise as the Reserve Bank of Australia notches the cash rate higher to combat stubborn inflation, stoked higher by the rise in oil prices and other commodities, feeding though into pretty much everything. In Sydney, 692 homes were auctioned, and the clearance rate notched […]