By Larissa Ham
After more than three years of sharp increases, Melbourne’s and Sydney’s property markets have finally begun showing signs of slowing, according to experts.
CoreLogic RP Data senior research analyst Cameron Kusher says a lack of affordability is starting to put the brakes on property prices.
Meanwhile, CoreLogic RP Data figures released on Monday showed 2015 was a lacklustre year for rental growth in Australia, with rents increasing by an average of 0.3 per cent across the country. That’s bad news for investors, but good news for renters.
Published on The New Daily, January 13, 2016. Read the full story here.