Desperate first home buyers are fuelling price ‘up-crash’ at lower end of market, experts say. Biggest house price increases in February come in smaller capital cities as buyers undeterred by interest rate hikes Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Hot competition for cheaper Australian homes has powered a relentless “up-crash” in prices despite rising interest rates, economists warn. Desperate first home buyers have bid up the price of affordable properties as they face off against investors, who have borrowed big despite government warnings they could lose tax discounts and deductions. Continue reading…
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