Overvalued or Undervalued 2023
Overvalued or Undervalued 2023
At the end of 2021, we released our first “Overvalued or Undervalued” whitepaper during the national housing boom and examined the relative affordability (income to repayments) of 8 Greater Capital Cities and 25 most populated non-capital regions’ house markets.
A year later, both the housing market and financial markets have changed a lot: House prices are more varied in performance across the country; The RBA cash rate has risen 8 times in a row, leading to surges in home loan interest rates. It’s time to reassess the housing markets’ relative affordability.
In this whitepaper, we calculate the relative affordability of each city/region with updated income/housing data in higher rate scenarios.
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Get key insights into property from this whitepaper:
- Which cities’ house prices have exceeded the locals’ home loan serviceability and which cities’ haven’t?
- Which cities are showing resilience against the seemingly national property downturn?
- How is each city/region market pressure and growth prospect at the dawn of 2023?
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