RBA Considers Further Rate Hikes Amid Falling House Prices

Minutes from the RBA's recent meeting indicate a willingness to raise the cash rate further if needed to curb inflation, currently at 3.5%. This stance persists even as national house prices have fallen 5.2% below their March peak.

Potential future rate hikes will continue to challenge affordability in Melbourne's western growth corridor, impacting borrowing capacity. Investors and homeowners should prepare for sustained higher interest rates and their effect on property values.