Weekend Edition: Has affordability finally hit home price growth?

NAB Morning Call

Friday 1st November 2024

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Australian house prices have defied logic. Core Logic’s Eliza Owen says when interest rates rise you should see asset prices come down. In theory. Yet the last rate rise, in November last year, coincided with a fresh record high in home values. Now homes in NSW have increased in value for 20 consecutive months. Until now. Today’s data, for October, shows the growth streak in Sydney has been broken. Eliza joins Phil to break down the detail on trends in home prices across the country.

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