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House price discounting in Sydney has reached its highest level in almost three years, as sellers in some pockets slash their price expectations by more than 10 per cent.
Rising interest rates are expected to have a swifter than usual impact on the property market as reduced borrowing power and higher mortgage repayments weigh on buyer demand.
Experts say the historic lag between an interest rate change and its effect on the market is shortening.
Experts say the historic lag between an interest rate change and its effect on the market is shortening.
The four bedroom property, in Sydney's inner-west, boasts city views and is nestled in a popular suburb. But despite the two-storey home's prime location - there is one major catch.