Australia Housing Market Slowdown

Australia's housing market slowdown is accelerating, with capital city prices falling for two months led by Sydney and Melbourne. Building approvals and auction clearance rates remain weak amid rising interest rates and supply chain disruptions.

Key Takeaways

• 1.The Australian housing market slowdown is intensifying, marked by two consecutive months of falling capital city prices, particularly in Sydney and Melbourne.
• 2.Building approvals have dropped significantly, falling 13.6% over the last two months, driven by a sharp decline in private units and townhouses.
• 3.Supply chain issues, specifically the closure of the Strait of Hormuz, are increasing the cost of building materials like PVC, further impacting construction feasibility.

Table of Contents

• Authors
• Contact
• Australia's housing market: slowdown accelerates
• Housing prices, dwelling approvals and private sector credit
• Important Notice

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