The RBA is widely tipped to raise rates.
MB points out, “Nearly half of all price rises are the fault of Albanese Government ineptitude.” ie. rents and utilities.
The falling AUD can’t be helping either.
A feedback loop may be developing where interest rates follow rising house prices, which are fed by immigration.
Immigration will have to come back down. The question is how far and when? Stagmal may well be right that it’ll be brought back to 200k and that the whole exercise has been about normalising this level.
Might be worth buying an investment property with a view to selling just before the next election.