"We have had the strongest period of supply for close to a decade and that’s feeding into a moderation of house price growth," says The Property Council's Chief of Policy and Housing, Glenn Byres.
Data from the Australian Bureau of Statistics and the Real Estate Institute of Australia shows that uneven performances across the country are slowing the overall pace of property price growth.
Treasury report shows foreign buyers not causing high property prices
Treasury economists Chris Wokker and John Swieringa have released new research showing that foreign investment in Australian property is only likely to have added between $80 and $122 to prices each quarter in Sydney and Melbourne.