Aussie property price crash ‘unlikely’ even though interest rates will lift

A looming hike in Australia’s official cash rate will result in a crash of the property market goes the theory – but one of the nation’s top economists says that’s unlikely to happen.

Analysing the potential impact of a rate hike, AMP Capital’s Chief Economist Dr Shane Oliver said while he expects house prices to fall up to 15 per cent over the next two years, he cannot see the market crashing altogether.

READ MORE:https://www.9news.com.au/national/aussie-property-price-crash-unlikely-as-interest-rates-lift/8f974cf1-66f1-40d7-a75c-5b97178b8a00

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