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The Guardian - AU

National

Patrick Commins Economics editor

Australia’s falling house prices have a silver lining for mortgage holders. Here’s why

RBA Michele Bullock Jonathan Kearns Housing Market

Suburban houses with dark rooftops and solar panels cover a hillside in Springfield, near Brisbane — With the RBA likely avoiding immediate interest rate hikes, mortgaged households are expected to benefit from lower loan repayments. Photograph: Darren England/AAP

It is the silver lining that’s not making headlines: falling home prices mean another Reserve Bank rate hike is less likely.

RBA board members will not be sitting on Monday and Tuesday discussing ways to prop up Sydney house values.

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