‘Unsustainable’: Overheated housing market starts to cool

Recent CoreLogic figures showed residential property prices have surged at a near record-breaking pace, with the national growth rate in March the fastest in 33 years.

“This isn’t to say housing values are about to reverse; a more likely scenario is the housing market is moving through a peak rate of growth and the pace of capital gains will gradually taper over coming months.” “But the lift in stock additions should gradually support a rebalancing between buyers and sellers, especially if buyer activity slows as new supply levels lift.”

Other factors pointing to a cooling housing market are fewer stimulus-related incentives and affordability constraints.

Low interest rates, discounts on stamp duty, government grants will do that. Then immigration will restart in a year or so (foundation of this country) and prices will keep going up

Real state agents manipulating stock by drip feeding. Investors buying and renting out straight away. Banks lending more than people can afford. The whole system is corrupt.

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