By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 36 2015
- Australian housing remains overvalued and this has one 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.