Dec
20
Runaway Australian Property Market Shows First Signs of Cooling
By-
Sydney gains slowest since 2012, Melbourne weakest in a year
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Population growth, wealth continue to underpin market
Offshore hedge fund managers and priced-out young Australians have long argued the pace of house price growth in the nation’s biggest cities is unsustainable. They may finally be right.
After two years of double-digit growth, the Sydney house price index gained just 3.2 percent in the year to September, the weakest increase since 2012, according to the latest government data. Melbourne’s rise of 6.9 percent was the slowest in more than a year…
Runaway Australian Property Market Shows First Signs of Cooling
