Dr Shane Oliver, Head of Investment Strategy & Chief Economist insights
Australian home prices rose again in October, with the supply shortfall on the back of record immigration dominating. Prices are now on track for a 9% gain this year.
While the supply shortfall is likely to continue there is a high risk that the impact of high interest rates will start to get
the upper hand next year particularly if the RBA hikes again
and unemployment rises by more than expected.