- RBA rate hikes drive Australian housing market divergence
- Market dynamics are distinct across major cities Perth, Sydney, and Melbourne.
- Australian cities like Perth, Sydney, and Melbourne showed strong median value growth, while the Middle East conflict caused a market slowdown.
- Sydney and Melbourne lead the national property market downturn, citing geopolitical conflict as a factor.
Mark Bouris discusses the impact of Middle East geopolitical issues and rising crude prices on the Sydney and Melbourne housing markets, citing Westpac's chief economist.
1 report, 1 independent
Updated Aug 16
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What happened
Mark Bouris discusses the impact of Middle East geopolitical issues and rising crude prices on the Sydney and Melbourne housing markets, citing Westpac's chief economist.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Sydney
capital city of New South Wales, Australia
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Melbourne
capital city of Victoria, Australia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran