Despite predictions of a downturn, Australia's housing market continued to strengthen, with national house prices rising by 1.0% in March, building on earlier gains from February.
In today’s show Dr. Andrew Wilson explains how capital city rental markets have tightened further, with vacancy rates either falling or remaining at historically low levels, pushing rents upwards.
We also discuss how following Trump's announcement of tariffs, market expectations shifted significantly, suggesting a 90% chance of a rate cut in May.
Takeaways
· Australia's housing market is showing signs of recovery with rising prices.
· Rental markets are tightening again after a period of easing.
· Vacancy rates are approaching record lows, indicating strong demand.
· Affordability barriers may limit rental growth despite high demand.
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