Each month we take a graphical deep dive into the Antipodean housing markets.
The Australian housing market is gathering momentum amid lower interest rates and ongoing excess demand. Ramped-up government incentives for first home buyers will only add fuel to the fire, at least temporarily. We doubt that APRA’s speed limits on high debt-to-income lending from 1 February 2026 will have much bearing on housing market dynamics.
Monthly dwelling price growth in Australia picked up further over November, with prices rising across all capital cities. Price growth was particularly strong in Perth, Brisbane and Adelaide.
Investor housing credit growth has strengthened materially to be a monthly annualised ~11% in October. Google search activity related to investment property buying has skyrocketed.
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