Weekend Edition: Australia’s Property Recovery Slows

Friday 4th August 2023

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Figures this week from Core Logic show that house prices in Australia continue to rise – five straight months now – but the speed is slowing. Bounce backs invariably have gone further than the prior downturn, but maybe that won’t happen this time. We’re well above pre-pandemic levels, but are we reaching a ceiling? Phil Dobbie puts that question to Eliza Owen Core Logic’s Head of Residential Research for Australia. In particular, can we expect a slower recovery in the investment market, as those searching for yield look elsewhere, where risk may be lower?

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