by more than 250 house and unit markets in May, as rapid interest rate increases fuel sharp drops in prices, CoreLogic data shows.
“While low listing levels and the perceived end to the rate-tightening cycle have seen dwelling values rise 2.3 per cent in the past three months, the June rate hike saw many economists and financial markets revise their interest rate outlook,” Ms Ezzy said. Sydney’s outer south-west suburbs Camden, Narellan Vale, Oakvale and Camden South also lost their million-dollar badge, as well as Granville, Guildford and Merrylands West in the Parramatta area.
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