House prices increased by nearly 2.5% in the past year but mortgage advisers claim there is a slowdown that indicates the market is stabilising.A spokesperson said: “The national Residential Property Price Index increased by 2.4% in the 12 months to May.”But that is lower than the 3.4% annual rate of growth that was recorded in April.
Its chairperson Trevor Grant said: “The slowdown in property price growth suggests that property prices are beginning to stabilise.” He said: “It is an encouraging sign for potential home buyers. More buyers may now be incentivised to enter an already busy market, leading to heightened levels of activity.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: businessposthq - 🏆 8. / 71 Read more »