The Australian Financial Review | by Michael Bleby | 5 December 2023
Following the RBA's decision to keep interest rates on hold in their December meeting, The AFR highlights insights from RBA governor Michele Bullock as well as The Agency's Geoff Lucas. Economists and housing market leaders agreed Australia's property markets will soften next year, despite the RBA holding the benchmark lending rate at 4.35 per cent. What's more, borrowing costs are unlikely to come down anytime soon, but this will bring in a period of stability after "unprecedented price volatility" over the past four years, said Geoff Lucas.
