Please click on the link below to view Shane Oliver’s views on Australian house prices.
Key points raised are:
- Talk of a property crash is likely to ramp up again with signs that the Sydney and Melbourne property markets are cooling.
- But the Australian property market is a lot more complicated than the crash calls suggest.
- We continue to expect a 5 to 10% downswing in Sydney and Melbourne property prices but a crash is unlikely and other capital cities will perform better.
- It remains a time for property investors to exercise caution and focus on higher yielding markets.
