Please click the link below to view Shane Oliver’s views on the state of the Australian housing market.
Key points raised are;
- Expensive housing and high household debt leave Australian housing vulnerable. But without a recession or much higher interest rates a property crash is unlikely.
- However, the surging supply of apartments and the continuing strength of the Sydney and Melbourne property markets pose an increasing risk.
- The combination of high house prices, huge gains in Sydney and Melbourne, low rental yields and a coming surge in the supply of apartments mean property investors need to be careful.
