The housing market grew last month but the pace was slower, which has been attributed to a lack of supply and the uncertainty around the Reserve Bank’s cash rate decisions.
CoreLogic’s Research Director Tim Lawless said that a lack of available supply is the “main factor” keeping upwards pressure on housing values.
“Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1 per cent above the previous five-year average.”
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