Higher interest rates in a normal property cycle would cause prices to fall as buyers have less borrowing power. But that was negated by several factors, which distorted the market in 2024. Higher interest rates in a normal property cycle would cause prices to fall as buyers have less borrowing power. But that was negated by several factors, which distorted the market in 2024. Property / News Sydney Morning Herald – Latest News
How higher interest rates turned housing into a ‘luxury good’
