Home values on track to fall at fastest pace in over 40 years
From SBS On the Money · 00:14:25
Show by SBS
Australian home values have fallen for seven straight months, with another rate rise expected to deepen the downturn.Australian home values have dropped 6.7 per cent since their March peak, with another expected interest rate rise threatening further weakness. Cotality Head of Research Tim Lawless speaks with Tom Kennedy about the downturn and what comes next for property. SBS Finance Editor Ricardo Gonçalves also speaks with David Scutt, Senior Market Analyst at StoneX, about falling shares, Westpac’s profit and the global forces shaping investment decisions.In this episodeWhat is driving the fastest decline in home values in more than 40 years, and whether the downturn could extend into 2027.How a fifth interest rate rise this year could affect property prices and spring buying and selling.Why Australian shares fell as major banks cut their economic growth forecasts.What Westpac’s results and falling supermarket shares reveal about the pressures facing businesses.How global interest rates, US tech earnings, conflict in the Middle East and US midterm elections could influence market
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