Fitch say house price growth to slow significantly in Australia and New Zealand

Yeah, they'd know. Rolls eyes.

Fitch's "Global Housing and Mortgage Outlook",

• Forecasts nominal house-price growth to decline to 2% in Australia and 4% in New Zealand
• Cite stretched affordability & further compression of rental yields
• Especially in Sydney and Melbourne,where price appreciation in recent years has outpaced wage growth
• In NZ a supply shortage will continue to drive growth in Auckland
• Will be offset by recent restrictions on low-deposit lending by the RBNZ
• Outlook for housing and mortgages in most markets in APAC is stable despite the slowdown in house-price growth