The Unlikely Shift in Australia's Property Market The past three decades have seen a remarkable phenomenon in Australia's property market, a super cycle that has driven home prices to unprecedented heights.
However, according to AMP chief economist Shane Oliver, this cycle may be finally coming to an end due to a combination of factors, including higher interest rates, record low affordability, and a slowdown in immigration.
Data released by CoreLogic this week paint a stark picture: national property values have fallen by 0. 9% last month, with capital city markets either slowing or turning negative.