The recovery of prices has been a bit of a relief to the housing sector and associated consumer confidence.
Or so the story goes.
CoreLogic warn the recovery is slowing:
- Seasonal effects provide some explanation for the slowdown
- Factoring in the seasonal effect, the latest results indicate a reduction in the speed of growth across most markets, especially for Sydney and Melbourne where affordability constraints are once again becoming more pressing
As advertised stock levels rise over the early part of the year, we could see some dampening of growth rates
