Oliver’s Insights – Five Reasons To Expect A Cooling In The Australian Property Market And Falling Prices In 2023
Five reasons to expect a cooling in the Australian property market and falling prices in 2023 Key Points After a 22% rise in Australian home prices this year, they are expected to slow to 5% growth in 2022 with prices likely to fall 5-10% in 2023. The main drivers behind the slowdown are: worsening affordability; rising supply; rising rates; macro prudential tightening; & a rotation in spending away from housing. The main risks on …