Further reports suggest that the Australian property market may well have reached its peak, and that a fall in prices is imminent. The latest figures from CoreLogic show house price growth has slowed to just 0.3pc over the past 12 months, down from 2.1pc during the same period last year. ﻿so as to record the proceeds in end of year results)﻿.
Further reports suggest that the Australian property market may well have reached its peak, and that a fall in prices is imminent. This article claims that investors in the market will put over AUD 5bn worth of office towers, shopping malls, and logistics centres up for sale ﻿over the next three months, partly due to the record high prices, and partly because the final quarter of the year has typically represented a strategic time to sell property, (﻿so as to record the proceeds in end of year results)﻿.