Australian home prices are likely to slow down or even decline as supply is poised to outstrip demand this year, according to analysts.The highly infectious Omicron strain of the Covid-19 pandemic and various restrictions on foreign homebuyers – made up in large part by Chinese investors – will also weigh on the housing market.Residential prices in Australia rose to a historic high in November, surging 22.2 per cent from a year ago and adding about A$126,700 (US$90,278) to median home prices,…
Source : South China Morning Post
Read more…Australia’s housing market faces headwinds as supply likely to outpace demand, analysts say
