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What affects house prices

From interest rates to school catchments — the macro and micro forces, roughly in order.

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Macro forces

Interest rates

Cheaper borrowing lifts what buyers can pay.

Supply & demand

How many homes vs. how many buyers.

The economy

Jobs and confidence move the whole market.

Local & property forces

Neighbourhood

Transit, schools, safety, and amenities.

The property

Size, condition, floor, outlook, and outdoor space.

The moment

Seasonality and how the sale was run.

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