Australia’s National Housing Market Loses Steam, Sees Weakest Growth in 22 Months

However, not all capital city markets have performed the same.

Two roofers position a piece of insulation on a roof in Albany, Western Australia, on Aug. 23, 2024. Susan Mortimer/The Epoch Times

Australia’s current housing growth may have reached the end of the cycle, with national prices edging up 0.1 percent in November, according to property searcher CoreLogic.

This marked the 22nd straight month of growth and was the weakest Australia-wide result since January 2023.