Australian house prices back from the abyss - seven things you need to know about the Australian property market

Shane Oliver, Head of Investment Strategy and Chief Economist.

The attached note takes a look at the outlook for the Australian residential property market. The key points are as follows:

  • The Australian housing market remains far more complicated than optimists & doomsters portray it to be.

  • Yes, it's expensive and heavily indebted but talk of mortgage stress is overstated & it's been undersupplied.

  • The combination of rate cuts, the election and a modest regulatory relaxation have helped turn property prices back up, but the upswing is likely to be constrained.

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