Why Sydney property prices could be about to rise again

 Sydney property prices are up again after 10 months of falls, and yesterday's interest rate pause could push them higher, economists say.

Yesterday's decision by the Reserve Bank of Australia (RBA) to keep the cash rate at 3.6 per cent after 10 consecutive hikes would have come as welcome news for borrowers.

The pause is only temporary, though, with the RBA's board making it clear further rises might be needed to keep inflation tracking to its target of 2 to 3 per cent "on average over time".

The announcement came a day after a leading property analytics firm reported an uptick in national dwelling prices last month, with Sydney — Australia's most expensive market — leading the way.

Read More: https://www.abc.net.au/news/2023-04-05/impact-of-rba-rate-pause-on-sydney-property-prices/102185818




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