Please click the link below to view Shane Oliver's views on the long term bull market in home prices in Australia.
Key points raised are:
- Australian home prices are currently in a cyclical upswing which likely has further to go into 2022
- However the long term bull market may be close to an end as the long term decline in interest rates bottoms out, property undersupply swings towards oversupply and the escape from the city phenomenon takes pressure off city property prices
- This may at least take some pressure off average capital city property price growth in the decade ahead.