Overseas observers have warned us for years that Aussie property could be due for a crash. How much truth is there to their claims?
The global financial crisis (GFC) hit housing markets around the world hard. The United States, Ireland, Iceland and a myriad of other countries saw house prices collapse, leading to massive foreclosures, bank failures, bailouts and economic shocks that continue to echo.
However, throughout all of this, Australian property remained stubbornly resilient. Since the GFC, Aussie property prices have grown to dizzying heights. So much so, in fact, that the Melbourne Institute predicts that high prices will see Australia’s home ownership rate fall below 50% in the coming years.
Moreover, forecasters have flagged lean years ahead for the housing market. BIS Shrapnel recently predicted that house prices would fall across all Australia’s capital cities in the next two years as supply outpaces demand.
So, are the prognosticators right? Is the Aussie property bubble due to burst? Watch the video below to see finder.com.au home loans publisher Marc Terrano and home loans editor Adam Smith discuss the fundamentals behind Australia’s unique property market.
If you're feeling optimistic about the property market and are looking to invest, ensure you have the best home loan you can get. Compare loans in the table below the video to get a good idea of what's out there.
Compare today's home loan rates
Rates last updated January 21st, 2017.
- ME Flexible Home Loan With Member Package - LVR <=80% $400k up to $699,999 (Owner Occupier)
Comparative rate increases by 0.10% | Interest rate increases by 0.10%
January 4th, 2017
- ME Flexible Home Loan Fixed - 2 Year Fixed Rate (Owner Occupier)
Comparative rate increases by 0.08%
January 4th, 2017
- NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier)
Interest rate increases by 0.23%
January 16th, 2017
Want to compare more rates? Check out our home loan comparison.