Sydney’s Cooling House Prices

Sydney’s cooling house prices and the withdrawal of Chinese investment might lead the Reserve Bank of Australia to cut interest rates according to a new report by Credit Suisse.

The report credits stricter capital controls for the withdrawal in Chinese interest in the Australian property market and predicts “Weakness in NSW housing demand in the year ahead”.

Nour Azhar spoke to John Cunningham – the president of the Real Estate Institute of New South Wales – about the report and what does it mean for the NSW property market?

Original Broadcast: November 2nd, 2017
Executive Producer: Rod Chambers