Kelvin Davidson: Cotality Chief Property Economist on Treasury slashing the house price growth forecast
Housing is set to be a buyer's market for a while longer.
The Pre-Election Economic and Fiscal Update shows housing price growth will peak at 3% by March 2028, down slightly from 3.2% in the budget update.
Cotality Chief Property Economist Kelvin Davidson told Mike Hosking the further out you go, the more uncertainty there is, but there's potentially a general change underway in the market at the moment, and so growth may look lower in the future.
He says there's a variety of reasons why this could play out —including higher supply, debt to income ratio changes and lower interest…
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