Australian housing finance (November) dribbling lower in the face of higher interest rates

According to expert forecast, the Reserve Bank of Australia will raise the cash rate to 3.35 percent when the next meeting takes place on February 7. But the current market price is not in line with that magnitude of an increase. Inflation is currently approaching 7 percent, which is way above the 3.1 percent level that the RBA prefers. On the other hand, Australian home prices recorded in November 2022.