Overvalued or Undervalued? 2024 Edition
Overvalued or Undervalued? 2024 Edition
While the RBA cash rate continued surging in 2023, increasing from 3.10% to 4.35%, Australian home values rose by 8.1% over the year. In the meantime, Australia’s wage growth reached its highest rate since 2012.
With high interest rates and growing house prices on the one hand and fast-growing wages on the other, how has Australia’s house affordability changed? In this year’s Overvalued or Undervalued whitepaper, the InvestorKit research team dives into data and presents to you the relative affordability of Australia’s 8 capital cities and 25 most populated regional cities as of the beginning of 2024.
Click the button below and discover the new trends!
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Get key insights into the property market from this whitepaper:
- Which cities’ house prices have exceeded the locals’ home loan serviceability and which haven’t?
- How is the market pressure in Australia’s biggest property sub-markets?
- Where is each of these sub-markets going in 2024?
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