Does the outlook for housing remain skewed to the downside?

Does the outlook for housing remain skewed to the downside?

In this update, we discuss with Tim that while the monthly rate of growth was up among some cities and regions, there is mounting evidence that housing rate growth rates are starting to lose momentum. Regional Australia however continues to show some resilience to a slowdown. With higher inventory levels and less competition, buyers are gradually moving back into the driver’s seat, giving them more time to deliberate on their purchase decision and negotiate on price according to Tim. Rental trends are still very diverse across the country and the rate of growth in units has strengthened.

We also talk about how we are starting to see a multi-speed market with Sydney and Melbourne recording softening house values while the pace of growth in Brisbane, Adelaide, and Perth continues to rise.