Has the property boom run out of steam?

The Australian real estate market is facing significant headwinds, but whether or not a true downturn is upon us is harder to define, with some statistical anomalies and seasonal factors in the mix.

Has the housing downturn already begun? Or does it reflect a statistical anomaly? Possibly a bit of both, but there are certainly some significant headwinds facing the Australian housing market.

Nominal dwelling prices are down 1.7 per cent in May, following a fairly modest April outcome. Growth has been particularly weak in Melbourne where prices have fallen by 3 per cent in the month to date to be 4.2 per cent below their March peak.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles