Australia’s housing boom almost over, says bank chief economist

PHOTO: HSBC chief economist Paul Bloxham. Photo: Chris Skelton

The Aussie property boom is nearing its end, with housing price growth to run in the low single-digits in 2018, a leading economist says.

But it will be a soft landing rather than a property market crash.

HSBC’s chief economist for Australia, Paul Bloxham says house prices in Sydney and Melbourne have been growing at low double-digit annual rates over the past five years.

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