Higher interest rates and high inflation weighs further on housing demand

A really interesting article by Tim Lawless of CoreLogic regarding interest rates, inflation and demand. In Cooktown we have seen a reduction in general enquiries but sales remain static which indicates that our property market did not quite heat up like properties in the southern metro regions.

Here is a link to the full article here https://www.corelogic.com.au/news-research/news/2022/higher-interest-rates-and-high-inflation-to-weigh-further-on-housing-demand

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