Affordability, not lockdowns, starts to slow house price boom
Price growth continued to moderate across Australia’s capital cities in August, with a 1.5 per cent rise in median dwelling values the lowest monthly rise since January.
There will likely be an element of pent-up supply hitting the market once coronavirus restrictions are eased. Photo: Shutterstock (Image source: Shutterstock.com)
Price growth continued to moderate across Australia’s capital cities in August, with a 1.5 per cent rise in median dwelling values the lowest monthly rise since January.
But CoreLogic’s monthly hedonic home value index showed lockdowns in Australia’s most populous cities were not the culprit for the reduced rate of price growth, with affordability the more likely cause of the slowdown in value gains.
“Housing prices have risen almost 11 times f…
