Each month we take a graphical deep dive into the Antipodean housing markets.
The Australian housing market is gathering momentum amid lower interest rates. Ramped-up government incentives for first home buyers will only add fuel to the fire, at least temporarily.
Monthly dwelling price growth picked up further over October, with prices rising across all capital cities. Price growth is particularly strong in Brisbane and Perth.
As is often the case, the pick-up in housing price growth has incentivised more vendors to list homes for sale.
The pick-up in investor housing credit growth - the fastest since 2015 - suggests that investors anticipate a period of strong housing price growth ahead. Google search activity related to investment property buying has skyrocketed.
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