Business
Inner-city apartments face 10 per cent price slide – Sydney Morning Herald
The recovery in property prices picked up speed in November but there are still concerns for high-rise apartment prices in inner Melbourne and Sydney.
So far this year, the Reserve Bank of Australia has slashed its official cash interest rate a major influencer of mortgage lending rates by 65 basis points to just 0.1 per cent.
Mortgage repayment deferrals in the wake of the COVID-19 crisis also have acted as a “temporary stopper” on a regular cycle where there could have been forced property sales, driving down prices, Owen says.
However, our two biggest cities are lagging the general recovery. While housing values in Brisbane, Adelaide, Hobart…
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