Australian housing prices following NZ’s path to its crash

Shortly after the end of each month Cotality releases their revised house price index data, revealing how much the market has improved or worsened after previous data was adjusted for lagged inputs.

This month again saw prices revised down significantly, continuing a trend that has now continued for months and potentially set to persist for months to come.

It is for this reason that Australia’s house price data needs to be approached with caution, as it could easily be revised down later to a significantly larger fall, making accurate up to date comparisons with past domestic housing price cycles or price falls overseas challenging.