Where to for Australian House Prices?

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Australian house prices have long been a talking point around the weekend BBQ. The following article was written by Dr Shane Oliver in response to recent activity and analysis on house prices across the country, which you may find of interest.

Key points of the article:

• Property prices in Sydney and Melbourne are likely to see top to bottom falls of around 20% as credit conditions tighten, supply rises and a negative feedback loop from falling prices risks developing.
• Other cities will perform better having not seen the boom of the last few years.
• Property investors should remain wary of Sydney and Melbourne for now & focus on higher yielding markets.

 
Please click on the link below to read the full article. 

Read the full article