Rate Outlook ‘Could Trigger Another Property Downturn’: Experts

A ‘For Rent’ and a ‘For Sale’ sign is seen in Canberra, Australia on Feb. 27, 2023. AAP Image/Lukas Coch

Following another interest rate hike and higher odds for more tightening, the residential property market’s recovery may be cut short.

The Reserve Bank of Australia (RBA) hiked by another 25 basis points on Tuesday, taking the cash rate to 4.1 percent, and kept its options wide open to keep going if deemed necessary.