12 Apr Australian housing slowdown Q&A
Key Points:
- Australian home prices are likely to fall by 10% to 15% into 2024 primarily as a result of poor affordability and rising interest rates.
- The negative wealth effect from falling home prices should help limit how much the RBA raises rates.
- A change in Government is unlikely to significantly affect the outlook for home prices, but medium-term price gains are likely to be more constrained as the tailwind from ever lower interest rates comes to an end