The expected end of interest rate hikes could soon see the property market rebound.
The residential property market has been cooling off from the lofty heights reached in the late stages of the pandemic, falling 2.3 percent in the year to November.
Capital city prices have led the drop-off, falling 5.2 percent in 12 months, whereas regional dwelling values actually increased 3.3 percent.
The slowdown has been triggered by one of the fastest interest rate tightening cycles in history.
But with interest rates either at or close to their finale, CoreLogic’s Eliza Owen said housing value declines could find a floor in the new year….