Property prices listed as Australians’ main challenge in property buying decisions

About 37% of homebuyers in Australia say interest rates did not influence their decision to buy or sell property, a new property research survey found.

The preliminary findings from InfoTrack’s “2024 State of Real Estate Report” follow a recent decision from the Reserve Bank of Australia to leave the cash rate on hold at 4.35% for the sixth consecutive month.

The report also found that 27% percent of the respondents listed property prices as a main challenge in their decisions to buy a property, while 20% cited market conditions.

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