ok//@StonkerLL:Yayayaya papaya//@koolgal: The Australian Residential property prices have recorded the strongest growth last year, rising 23.7%. This astronomical growth was spurred by record low interest rates and government stimulus.But now things have changed drastically as interest rates are rising.  When interest rates rise, house prices fall because the subsequent rise in mortgage payments reduces demand from buyers.  People are less willing to begin a bigger mortgage, fewer people want to buy and house prices drop until interest rates fall again.The property market is cyclical but not all properties are created equal.  The key word when looking to buy  houses is "Location, Location, Location." So houses in prime location which are close to good schools, shopping amenities, transportation within 10km to the major cities in Australia, will hold their prices much better. So while interest rates are a major component of the real estate markets, location is very important too. @Tiger_AU@TigerStars