A Cooling Market, But Not a Crash
Australia’s housing market, after a period of explosive growth, is showing signs of a significant slowdown. While prices aren’t plummeting nationwide, the rapid ascent of the past few years has certainly levelled off. Many experts are predicting a period of relative stability, with some even forecasting modest price declines in certain areas. This doesn’t necessarily signal a crash, but rather a return to a more sustainable rate of growth, a much-needed correction after the frenzied activity witnessed recently.
Sydney and Melbourne: Leading Indicators of Change
Sydney and Melbourne, traditionally the bellwethers of the