The Australian housing starting to cool (in parts)
Shane Oliver, Head of Investment Strategy and Chief Economist.
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- Australian housing remains overvalued and this has gone hand in hand with high household debt. Against this, supply has been constrained and there has not been a deterioration in lending standards.
- The hot Sydney and Melbourne property markets are showing signs of cooling as APRA measures bite. Expect price falls of around 5-10% around 2017.
- Property investors need to be careful.