CLSA: Australia’s housing market has peaked

  • Australia’s housing market has peaked and a correction is on the way, according to analysis by CLSA.

The broker and investment house says issues of affordability and household debt are overextending Australia’s real estate bubble which is being held aloft by foreign capital.

“We believe the housing cycle has peaked and that new construction will decline over the next two years,” the analysts said in a study, Snuffing Puff.

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