High rental growth is likely to ease from next year as the Reserve Bank signals it is near the end of its current interest rate hiking cycle and inflation begins to moderate. New analysis from property research firm CoreLogic, which explored the correlation between higher interest rates and higher rents, suggests Australia's rental market is likely to "loosen" from 2024, as inflation begins to fall and the RBA stops rate rises. Head of research at CoreLogic, Eliza Owen, says this forecasting is good news for renters, due to the connection between rents and interest rates, which move together over time.
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Read more here: https://www.abc.net.au/news/2023-07-19/high-rents-interest-rates-peak-rba-corelogic-inflation/102618924
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
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