Data shows house price boom likely to have peaked
Australia’s house price boom may have passed its peak, with the rate of growth remaining positive but slowing again in September as affordability issues and a lack of government incentives put the brakes on the entry level end of the market.
Transaction volumes staying ahead of new listings has resulted in further price growth, but not at the same pace as previously recorded. Photo: Shutterstock (Image source: Shutterstock.com)
Australia’s house price boom may have passed its peak, with the rate of growth remaining positive but slowing again in September as affordability issues and a lack of government incentives put the brakes on the entry level end of the market.
Capital city median dwelling prices rose 1.5 per cent in September, contributing to an annual growth rate of 20.3 per cent, the biggest year-on-year gain since June 1989, according to data from CoreLogic.
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