Australia’s explosive property market is beginning to ‘slow down’ as price growth outstrips wage growth

The Australian property prices have roared another 1.8% higher in April. It comes off the back of an even stronger first three months, with CoreLogic director of research Tim Lawless noting the “slowdown” came as property outpaced wage growth. “With housing prices rising faster than incomes, it’s likely price sensitive sectors of the market, such as first home buyers and lower income households, are finding it harder to save for a deposit and transactional costs,” he said. Visit Business Insider Australia’s homepage for more stories. Australian property prices continue to grow but the market’s … (full story)

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