Australian house price rises seen extending through 2026 - Reuters poll
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Australian home price rises are expected to continue through 2026, according to a Reuters poll of analysts. The supply of affordable homes is projected to fall short of demand, leading to rising prices. After surging more than 25% during the pandemic, prices fully recovered by the end of 2023, rising 8.1% over the year. Economists do not expect the Reserve Bank of Australia (RBA) to cut interest rates until the fourth quarter of this year. The average asking price of an Australian property was A$779,817 ($520,293.90) in April, nearly eight times the average annual income. The government has pledged to build 1.2 million homes by 2030 to address the housing crisis.

#AustralianHousePrices #HousingMarket #InterestRates #SupplyAndDemand

https://www.investing.com/news/economy-news/australian-house-price-rises-seen-extending-through-2026--reuters-poll-3460101