Multiple media outlets are reporting that Sydney's house price is falling at an annualised pace of -22%, and Melbourne's -15%. These figures sound terrible to recent home buyers and may give people an impression that all cities across the country will follow the big two and go into a slump.
However, the national housing fundamentals and market pressure indicators of each city are telling a different story.
In this month’s whitepaper, a deep dive into Australia’s economic, demographic and property market data shows that Australia's housing fundamentals are quite resilient to the rate hikes; Different states' and cities' market cycles are diversifying rather than following a blanket approach of capital growth many are used to over the last two years.
For our detailed analysis on the country’s housing fundamentals and market pressure review on the 8 capital cities & 25 major regional cities, click the Download button below!