Australia house prices: Warning property values could plunge by double digit rate - Daily Mail
The Reserve Bank of Australia is widely expected to raise the cash rate on May 3 by 0.15 percentage points from a record-low of 0.1 per cent following the biggest inflation surge in 21 years.
Australian homeowners are being warned to brace for a 15 per cent plunge in house prices with the big banks now all expecting a rate rise next week and more to follow.
The Reserve Bank of Australia … [+5551 chars]
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