Home prices in Sydney more than doubled between 2008 and 2017, but have since lost around 10 per cent. Photo: Bloomberg Home prices in Sydney more than doubled between 2008 and 2017, but have since lost around 10 per cent. Photo: Bloomberg
Home prices in Sydney more than doubled between 2008 and 2017, but have since lost around 10 per cent. Photo: Bloomberg

Australia’s record high housing prices were driven by low interest rates, central bank study shows

  • Research from Reserve Bank of Australia suggests that a further drop in interest rates could revive falling home prices

Topic |   International Property
Home prices in Sydney more than doubled between 2008 and 2017, but have since lost around 10 per cent. Photo: Bloomberg Home prices in Sydney more than doubled between 2008 and 2017, but have since lost around 10 per cent. Photo: Bloomberg
Home prices in Sydney more than doubled between 2008 and 2017, but have since lost around 10 per cent. Photo: Bloomberg
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