Property Market Paralysis: Falling Prices Meet Rate Hike Fears

Brisbane sellers are still making bank, with a median profit of $525,000 in the June quarter—$154,000 above the national median. Even as the broader market cools, 99.7% of Brisbane house sellers walked away with a gain, according to Cotality data. The city's luxury market is also bucking the trend, growing 2.6% year-on-year while Sydney and Melbourne's shrink. With the Olympics on the horizon and more permissive planning, Brisbane remains a bright spot for...