Please click the link below to view Shane Oliver’s views on the current state of the Australian housing market.
Key points raised are:
- Australian housing remains overvalued and this has gone hand in hand with high household debt.
- Against this, supply has been constrained and there has not been a deterioration in lending standards.
- The hot Sydney and Melbourne property markets are showing signs of cooling as APRA measures bite.
- Expect price falls of around 5-10% around 2017.
- Property investors need to be careful at this point in the property cycle as medium term returns are likely to be constrained.
