Subject: Housing growth eases as affordability and rates loom large

⚡️ Highlights:

1. National home values rose by 1.0% in November, the third consecutive month of growth, although the pace is slowing compared to October's 1.1% increase.

2. Mid-sized capitals such as Perth are outperforming larger cities like Sydney and Melbourne, with Perth leading at 2.4% growth while Sydney and Melbourne lag at 0.5% and 0.3% respectively due to affordability constraints.

3. Record-high dwelling value-to-income ratios and expectations of prolonged rate holds signal potential affordability and rate pressures in the housing market, affecting sentiment and credit access.

4. The growth in home values across mid-sized capitals is diverging from larger cities, with Perth experiencing strong growth due to low listings and high buyer demand.

5. Factors such as housing unaffordability, potential interest rate stability, and upcoming credit policy changes may impact housing sentiment and credit access, potentially leading to growth in housing values skewed towards lower price points of the market.

✍️ Corelogic | Full Article

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