Sydney property industry prepares for more Reserve Bank rate rises | 7NEWS

7NEWS Australia published this video item, entitled “Sydney property industry prepares for more Reserve Bank rate rises | 7NEWS” – below is their description.

Real estate experts say Sydney’s property market has virtually seized up, as buyers and sellers anticipate how much the Reserve Bank will hike interest rates. There is no relief for renters either. Locals are now competing with growing demand from overseas.

7NEWS Australia YouTube Channel

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About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

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In This Story: Sydney

Sydney, capital of New South Wales and one of Australia‘s largest cities, is best known for its harbourfront Sydney Opera House, with a distinctive sail-like design.

  • Population: 5.23 million (2018)

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