Housing boom slowed in August but lockdowns could push prices higher

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CoreLogic research director Tim Lawless said the slowing was likely due to an affordability ceiling being reached rather than as a result of lockdowns that have 60 per cent of the population under strict restrictions to stop the spread of coronavirus.

“Housing prices have risen almost 11 times faster than wages growth over the past year, creating a more significant barrier to entry for those who don’t yet own a home,” Mr Lawless said.

 

Source: https://www.smh.com.au/politics/federal/housing-boom-slowed-in-august-but-lockdowns-could-push-prices-higher-20210901-p58np6.html?btis

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