Core Logic-RP Data has released its February Housing Market and Economic Update, which contains a bunch of useful charts relating to the housing market.
With Australian GDP running at $1.62 trillion in the year to September 2015, this infers a dwelling price-to-GDP ratio of just under 4 times – an unprecedented level.
Some other key charts of particular note is the collapse in rental growth and yields:
The lift in property listings over the past year:
And my favourite, the recent sharp drop in RP Data’s leading mortgage index, which suggests that mortgage demand will drop over coming months: