No housing crash, just a slowdown after rate rise, economists say

According to The Australian Financial Review, the Reserve Bank’s 13th cash rate increase this cycle will dent the pace of price growth but not trigger a decline in housing prices in a vastly undersupplied market, economist said.
The RBA’s decision to raise the cash rate – as widely expected – by 0.25 percentage points to 4.35 per cent would likely prompt a pause in the pace of dwelling price growth as the country had seen after the first increases in May last year, but it would not last, PEXA chief economist Julie Toth said.

https://www.afr.com/property/residential/no-housing-crash-just-a-slowdown-after-rate-hike-economists-say-20231107-p5ei6a