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Signs point to slowing house price growth from recent ‘unsustainable’ levels – NEWS.com.au
Signs point to slowing house price growth from recent ‘unsustainable’ levels
There are signs Australias overheated housing market is starting to cool, new data shows.Recent CoreLogic figures showed residential property prices have surged at a near record-breaking pace, with the national growth rate in March the fastest in 33 years.
The reasons include record low interest rates, a stunning lift in consumer confidence as the economic recovery beats expectations, stimulus measures and stubbornly low stock levels, which has induced FOMO (fear of missing out) among buyers.
“But…
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