Australia’s housing market edges towards downturn as rate pressure builds
Australia’s housing market is showing early signs of a downturn as rising interest rates, stretched affordability and weakening buyer demand begin reshaping conditions across the capital cities, although selective markets are still outperforming.
Selective demand for established inner and middle-ring Melbourne suburbs continues in the face of weakening prices overall. (Image source: doublelee/Shutterstock.com)
Australia’s housing market appears to be entering a softer phase, with rising interest rates, worsening affordability and slowing buyer demand beginning to weigh on capital city values after several years of extraordinary growth.
New analysis from Cotality suggests the nation may be on the cusp of another housing downturn, with Sydney
and Melbourne already showing early signs of sustained declines and conditions easing across several other capit…
