21 Apr Three reasons why the long-term bull market is Australian house prices may be getting close to the end
Key Points:
- Australian home prices are currently in a cyclical upswing which likely has further to go into 2022.
- However, the longer-term bull market, that has seen above trend growth in property prices since the mid 1990s, may be close to an end as the long-term decline in interest rates bottoms out, property undersupply swings towards oversupply & the “escape from the city” phenomenon takes pressure off city property prices.
- This may at least take some pressure off average capital city property price growth in the decade ahead.
