Buyers anxiously waiting for Australia’s supercharged house prices to reduce will be disappointed, property experts have warned.CEO of RiskWise Property Research Don Peleg advises that while there are signs the exponential growth of property prices will ease, it’s highly unlikely that prices will become cheaper than what they currently are.”We don’t expect the Reserve Bank to increase the cash rate in 2022, and there is fierce competition between banks and non-bank lenders, keeping a certain level of downward pressure on mortgage rates,” Mr Peleg said.
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