Property prices climbed at a breathtaking pace in early 2021, which has been good news for homeowners and heartbreaking for house hunters. However, there are seven key signs that the pace of capital gains has peaked, says CoreLogic.
There is an undeniable link between finance and the property market. When credit is flowing, and buyers are able to access loans at reasonable interest rates, real estate is the beneficiary.
Australia’s housing market is on the “cusp of a boom”, with house prices set to leap 16% over the next two years.
Reserve Bank of Australia projects a 30% increase in house prices if interest rates remain low for the next few years.