Each month we take a graphical deep dive into the Antipodean housing markets.
Our focus this month is on Australia given little new information and action in New Zealand’s housing market.
Housing price growth in Australia has become multi-speed in recent months. While growth remains strong in Perth, Adelaide and Brisbane, it has stalled in the larger cities of Sydney and Melbourne.
That slowing began well before the RBA increased the cash rate in early February and has occurred amid some waning in households’ appetite to buy housing.
