More Real Estate - Housing growth eases as affordability and rates loom large

Housing growth eases as affordability and rates loom large

Cotality National Home Value Index Report

National home values rose 1.0% in November, marking the third consecutive month of strong growth, though the pace is easing from October’s 1.1% gain.

Mid-sized capitals are outperforming, with Perth leading at 2.4% growth, while Sydney and Melbourne lag at 0.5% and 0.3% amid affordability constraints.

Affordability and rate pressures loom, as record-high dwelling value-to-income ratios and expectations of prolonged rate holds signal headwinds for housing sentiment and credit access.

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Reference Cotality