Please click the link below to view Shane Oliver’s views on the current state of the Australian housing market.
Key points are ;
- The Australian housing sector is doing it’s part in helping the economy rebalance as mining investment slows
- Thanks largely to a persistent undersupply of new homes, Australian housing remains overvalued. Negative gearing, foreign and SMSF buying are just a sideshow to the supply shortage.
- The home buyer market is still not seeing the bubble conditions of a decade ago, but the market is too hot in parts and the risks have grown.
- The medium term return outlook for residential property is likely to be very constrained.
