01 May Australian home prices – here we go again!
Key Points:
- Australian home prices rose again in April & along with other indicators suggest the home price downturn is over.
- A surge in demand on the back of high immigration and constrained supply appear to be dominating the negative impact of higher interest rates.
- As such we have revised up our property price forecasts to flat to up slightly for this year with a 5% rise next year.
- However, the risk of another down leg in prices is high as interest rate hikes continue to impact.
