More economists have said a house price correction is on the cards in Australia, echoing forecasts from the big four banks.
“Eventually, with wage growth remaining structurally weak, a higher interest rate could destabilise the housing market.”
And the latest data from RBA and APRA also highlight the changed dynamics.
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We update the latest credit aggregates from the RBA, and lending stats and loan deferrals from APRA.
The ABS today released its building activity data for the September quarter 2024. This data provides estimates of the value of building work and...
Our Property Insider Edwin Almeida joins us for another rant. https://www.ribbonproperty.com.au/ Go to the Walk The World Universe at https://walktheworld.com.au/