Are Australia's housing fundamentals strong enough to prevent a property price crash?
Population growth, housing shortages and major infrastructure projects continue to underpin Australia's property market, but are they enough to offset weaker sentiment, higher interest rates and sweeping tax reforms?
The rapid growth of high-density suburbs like Oran Park in Western Sydney is driven by major infrastructure works. (Image source: Phillip Wittke/Shutterstock.com)
For months, headlines have warned that Australia’s property market is losing momentum.
Property values have softened in Sydney and Melbourne. Investor confidence has been rattled by changes to negative gearing and capital gains tax concessions. Consumer confidence has fallen sharply, while higher interest rates and cost-of-living pressures continue to weigh on buyers.
Yet despite the more subdued market conditions, one phrase continues to appear …
