Rate rise - Impact on property prices

There have now been 4 interest rate rises since the beginning of last year. Over the same time period, Sydney housing prices have risen 4.1%. Compared to the other major cities, this is the slowest growth. If you are looking at buying a property in the inner suburbs of Sydney, price growth is is well above this 4.1% figure.

The interest rates are not making an impact due to:

• Rents are increasing making buying a property a consideration
• the share market is unstable.
• demand outstripping supply