General
Deflation and low rates support dwelling values through the pandemic, but could weaken the position of non-home owners

The latest CPI results from the ABS showed a 1.6% increase in the consumer price index over the September quarter. The increase was the highest quarterly result since 2006, and adjusting for a strong rise in inflation takes some shine off the recent value increases seen across smaller capital city housing markets in the period.
Factoring inflation into the rate of capital gains of dwelling values provides an important perspective that is often overlooked. Housing is an integral part of
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