CoreLogic’s head of research, Eliza Owen, published a report on Australia’s housing market, arguing that record low affordability is behind the nascent correction in values. “Home values and interest rates are too high for buyers”, Owen wrote. “Housing demand has slowed amid a growing gap between income, borrowing capacity, and home values, exacerbated by slowing
The post Australian home buyers fall $300,000 short appeared first on MacroBusiness.