Mansion Global Daily: U.K. Property Market Standing Strong, Dubai Real Estate Immune to Interest Rate Rise, and More
Rising Interest Rates Reduce Australian Buyer’s Borrowing Power by 20% In Australia, five interest rate rises since May have reduced the average loan size that home buyers can qualify for by 20%, according to the Reserve Bank. The cash rate jumped from 0.1% in April to 2.35% in August. As a result, a double-income family …