What Happens If House Prices Do Actually Drop?

It feels like every year we're told that the Australian property bubble is about to burst and we should all be poised to rush out and buy our dream home at a bargain price, but could this actually be a reality in 2022 and beyond?

Philip Lowe, the Governor of the Reserve Bank of Australia has hinted that record low interest rates could finally rise later this year, but while that should slow down house prices, it would also mean more expensive mortgages, so who really benefits?

The Quicky speaks to a housing market expert to find out what it would actually mean for both buyers and sellers if the much anticipated drop in property prices actually happens in the not-too-distant future.

CREDITS 

Host: Claire Murphy

With thanks to: 

Dr Nicola Powell - Chief of Research & Economics for Domain

Producer: Claire Murphy

Executive Producer: Siobhán Moran-McFarlane

Audio Producer: Ian Camilleri

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