Apartment buildings in the suburb of Wentworth Point in Sydney. Australian home prices are likely to slow down or even decline as supply is poised to outstrip demand this year. Photo: Bloomberg
Australia’s housing market faces headwinds as supply likely to outpace demand, analysts say
- The highly infectious Omicron strain of Covid-19 and restrictions on foreign homebuyers – made up largely of Chinese investors – may also weigh on the market
- Residential prices in Australia rose to a historic high in November, surging 22.2 per cent from a year ago, according to an analysis by CoreLogic
Apartment buildings in the suburb of Wentworth Point in Sydney. Australian home prices are likely to slow down or even decline as supply is poised to outstrip demand this year. Photo: Bloomberg
