Is Australia’s Property Boom Back?

This week on the podcast: Interest rates are headed down, which can mean only one thing for the country’s already heated housing market.

The Rhodes neighborhood of Sydney.

Photographer: Lisa Maree Williams/Bloomberg

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Australia’s housing market is running hot again. Home values are rising at their fastest pace in nearly two years, fueled by rate cuts and ahead of fresh government support for first-home buyers. But with the Reserve Bank keeping rates on hold this week, the big question is when the next cut might come — and what it means for affordability, supply, and renters.