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Australian Home Prices Surge Despite Rate Hikes and Cost of Living Pressures
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Overview
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Australian home prices surged 8% in 2023, with Sydney experiencing a 11.1% annual rise. However, interest rate hikes and persistent cost of living pressures have slowed down the pace of growth. The trajectory of interest rates through 2024 will be a key factor influencing housing trends.
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How have interest rate hikes affected the housing market in Australia?
What are the main factors contributing to the slowdown in home price growth?
What impact could lower interest rates have on consumer sentiment and housing activity?
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