Further interest rate hikes could ‘devastate’ property market without easing unaffordability

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Guardian World

Further interest rate hikes could ‘devastate’ property market without easing unaffordability

With RBA predicted to lift cash rate for fourth time this year on Tuesday, experts warn a fifth – or even sixth – rise would be ‘overkill’ Get our new political email, free app or daily news podcast Two or even three more Reserve Bank interest rate hikes would be “devastating” for the property market but still leave housing more unaffordable than ever as higher borrowing costs trump lower prices, experts say. The R…