It is commonly stated that it takes seven to ten years for property values to double.
However, according to analysis from PropTrack, the typical Australia took 15.4 years to double in value through May 2023.
PropTrack director economic research Cameron Kusher also noted that macroprudential regulations such as serviceability buffers have also reduced access to finance in recent years while keeping price growth in check.
“Rising interest rates and much higher prices, along with other economic and demographic factors, will weigh on the prospects of prices
doubling in the future”.
Kusher is right: Australian home values should rise at a much slower rate over the coming decade and beyond.
