Back-to-back rate hikes spook Australia's housing market
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Source: 9News
Published: 2026-05-16 07:09 UTC+10:00
Section: National
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Property, Australia, Economy & Finance, Financial Markets, Tax & Budget, Property & Housing, Business & Economy
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Snippet:
Back-to-back cash rate hikes have put a lid on some home buyer's budgets, according to new analysis from Canstar.Last week the Reserve Bank of Australia (RBA) handed down a third consecutive interest rate hike, increasing the cash rate target to 4.35 per cent.During the March 2026 quarter, the average national new loan size fell from a record-high rate late last year, with drops in the key markets of NSW and Victoria, where property prices have been in decline.READ MORE: Tradies
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