On this week’s episode of Devils and Details we’re joined by Cameron Kusher, head of research at leading property market data firm Corelogic.
Kusher is one of Australia’s foremost authorities on what’s happening with clearance rates, listings, and prices across the nation’s housing market and he shares his insights on what’s unfolding in the current price downturn.
He points out that most price slowdowns in the Australian property market have been brought about through interest rate increases, so this time is a somewhat different with the RBA on hold for the foreseeable future. Against that backdrop, Kusher suspects this pullback may last longer than previous comparable events.
We also have a look at global financial markets and talk for longer than is probably necessary about the rugby, State of Origin, and the World Cup at the end.