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AAP
AAP
Politics
Colin Brinsden, AAP Economics and Business Correspondent

House price falls won't help affordability

Moody's says Australian house prices are unlikely to fall enough to offset the interest rate impact. (AAP)

Australia's housing affordability will worsen over the rest of this year as interest rates rise, despite falling property prices and increasing household incomes, Moody's Investors Service warns.

In a new report, the global credit rating agency says house prices are unlikely to fall enough to offset the interest rate impact.

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