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AAP
AAP
Business
Jacob Shteyman

Homebuyers at square one as price hikes eat rate cuts

Tim Lawless Cotality Sydney Melbourne
Savings are going, going, gone! House price hikes have wiped out the benefits of interest rate cuts. (Mick Tsikas/AAP PHOTOS)

Surging home prices have wiped away the benefits of three interest rate cuts to new buyers, new data reveals.

Across Australia, home values grew by one per cent in November with the median dwelling now worth $888,941, property analytics firm Cotality reported on Monday.

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