Will Australia’s Housing Market Crash Like London’s?
Australia is unlikely to see a London-style housing crash in the near term while rental vacancies remain very low and population growth continues to outpace new housing supply. A nationwide drop would likely require several shocks at once, such as rising unemployment, a sharp fall in migration, tighter credit and a spike in forced sales. The more probable outcome is uneven performance by city and dwelling type, with apartments in oversupplied pockets more vulnerable than detached houses in land constrained suburbs.
