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Australia’s housing market is experiencing a sharp investor retreat, collapsing auction activity, and weakening apartment demand.
While first‑home buyers are temporarily stepping in, economists warn their participation is not enough to sustain new housing supply, raising the risk of a multi‑year development slowdown.
Investors have pulled back dramatically since the federal budget’s CGT and negative‑gearing reforms. And there are concerns that without investors, new apartment projects will struggle to pre‑sell,
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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