Affordability of Housing May Affect Prices
 

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: Homepage  >> Affordability of Housing May Affect Prices

  Affordability of Housing May Affect Prices

Managing director of Australand Property Group, Bob Johnston, has along with other experts, made it clear that, he believes property prices will stall later this year. Johnston does not agree that undersupply of housing would continue to push prices upwards.

He claimed that unaffordability, driven by rising interest rates, would play a much greater role in shaping the direction of the Australian Property Market.

Higher interest rates and higher home prices will mean that people will opt for a cheaper, smaller property with a smaller, more affordable home loan.



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