[Today Australia, January 10 hearing] According to ANZ data show that the second quarter of this year’s residential property growth rate will be reduced to about 1%, by 2019, the price increase will rise to 4%.

According to the “Australian Financial Review,” reported that the analysis shows that this year’s annual growth rate will reach about 2%, but the slowdown “is unlikely to continue.”

ANZ long-term market review based on the real estate auction clearance rate is a useful perspective for assessing demand. The main observed economic factors are employment, economy and interest rate.

ANZ said: “Our forecast is consistent with our expectation that Australia’s housing price growth will continue to slow in 2018, just modest, and will not fall into negative growth.”

ANZ and ANZ each account for around 15% of national mortgage loans, with Commonwealth Bank of Australia and Westpac accounting for almost 50% of the national mortgage loan.

Lenders are tightening the terms and conditions of lenders and investors, and taking appropriate steps on regulatory measures to raise interest rates and limit growth. The sharp increase in the number of apartments and the reduction of Chinese buyers also helped to slow down prices.

(Source: Network)

Housing softening has already taken place in Melbourne and Sydney in December, and the real estate boom continues to cool, which is also a chance for first home buyers. According to AMP Capital’s forecast, the housing prices in the two largest cities in Australia are expected to drop about 5% this year.

Shane Oliver, AMP’s chief economist, said: “But other cities are operating in their own cycles.” He said he expects Hobart to remain strong with Perth and Darwin nearing the bottom, Adelaide, Brisbane and Canberra may see modest growth.