Can Australia make housing affordable while avoiding a major market crash? We may soon find out
Australia's property market is currently in a downturn as the Reserve Bank raises interest rates to combat inflation. Analysts are debating whether the country can achieve a 'soft landing' for housing prices without triggering a broader economic crash.
Why it matters
Housing affordability and market stability are central to the Australian economy and the financial security of its citizens.
Less generous tax settings for property investors has made betting on rising home prices less attractive. Where this will settle is impossible to predict. Photograph: Diego Fedele/AAP Less generous tax settings for property investors has made betting on rising home prices less attractive. Where this will settle is impossible to predict. Photograph: Diego Fedele/AAP Housing Analysis Can Australia make housing affordable while avoiding a major market crash? We may soon find out Patrick Commins Politicians’ fever dreams of ‘sustainable price increases’ – where values keep rising but by less than wages – could happen
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The Reserve Bank has hiked interest rates and the property market is in retreat. So far, so normal.
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