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| Name | Why are house prices rising when rates are increasing? | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 01-06-2023 09:00:07 |
| Video Discription | National house prices have risen for the third straight month, according to data from CoreLogic. Sydney continues to lead the recovery, with values up 1.8 per cent in May. Brisbane and Perth posted the next largest gains, up 1.4 per cent and 1.3 per cent respectively, while all other capital cities also experienced accelerated growth in the month. The rebound is being driven by strong demand from returning migrants, a lack of properties up for sale and investors diving back into the market to take advantage of higher rents. Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia [IWGw8ZTbMHg] |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | House prices | housing | home values | real estate | property market | APRA | RBA | Reserve Bank | interest rates | rates | rate rises | first home buyer | mortgage | corelogic | units | unit | apartment | listings | auctions | fixed mortgage | Sydney | Melbourne | Darwin | Brisbane | Adelaide | Perth | Canberra | Hobart | investor | investment property | NAB | record low interest rates | CBA | Westpac | ANZ | variable rate | The business | business news | finance | finance news |
