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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA
With rents up 4.9% y/y in Q1 and house prices down 8.9%, housing was only 2.3% overvalued down from 6.4% in Q4 and 19.6% in Q1 2022, as measured by the ratio of house prices to CPI rents. Housing may no longer return to “fair value” going forward as rents are expected to rise further. But this will depend on how far prices rise, as the Q2 average already increases the degree of overvaluation to 2.5% assuming rents rise at Q1’s quarterly pace.
Australia housing valuation
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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