Please click the link below to view Shane Oliver’s views on Australian home prices.
Key points raised are;
- Capital city property prices so far in March are on track for a 0.6% or so gain, led by Sydney, based on CoreLogic data
- The main positives for the residential property market are improving demographic demand, constrained supply and tight rental markets
- Against this the full impact of interest rate rises is yet to be seen with home buyer capacity remaining well down
- As such while there is a chance that prices have bottomed, our base case remains for a 15-20% top to bottom fall in prices with the current bounce likely to be short lived.
