Housing industry trends

The HIA Housing Forecasts from May2022 declares, “This isn’t the end of the Super Cycle, but we can see it from here.”

The forecasted future cash rate increases will no doubt see the reduction in new ‘detached house’ demand, however due to the pipeline of work this could take six months or more to eventuate.

HIA Trends May2022

However, rental shortages and reduction in affordability of houses will see an increase in demand for multi-unit dwellings.

Read more the full summary here.
Credits: Housing Industry Association (HIA)