House prices in capital cities are slowing at a rate which has not been seen in more 30 years, this is signalling that the property boom is coming to an end. Australian homeowners have had the upper hand, with the property market enjoying unprecedented levels of growth year-on-year, increasing by 35 per cent since mid-2020. Annual price growth has fallen from 24 per cent just six months ago to 14 per cent now. The last time house prices slowed this quickly was more than 30 years ago – at a time when Australia was heading into a recession. Houses are continuing to outperform units, with many Australians favouring more space since the start of the pandemic.
Is now the best time to be investing in properties in Australia?