The Next Phase Of Australia's Property Market Has Begun | Dr Nicola Powell

Australia's property markets are still rising, but the cracks are starting to show.   Not the type of cracks that suggest a collapse, but the type that tell us the next stage of the cycle will reward careful, strategic investors and punish those chasing yesterday's hot spots.   According to Domain's latest House Price Report, most capital cities reached new highs in the March quarter, but the pace of growth has slowed sharply since late last year.   At the same time, Domain's Rental Report shows vacancy rates have fallen to a record low nationally, yet many renters simply can't afford to keep paying more.   So we have a fascinating contradiction. There's still not enough housing and there are still plenty of buyers and tenants.   But borrowing capacity and rental affordability are now acting like speed limits on the market.   Today I'm joined by Dr Nicola Powell, Domain's Chief of Research and Economics, to help us understand what's really going on beneath the headlines, what this means for buyers, sellers, tenants and investors, and where the opportunities and risks are likely to be in the next stage of the cycle.   We explore how interest rate changes and government policies are influencing market trends and affordability.   We discuss the regional variations in property performance and the implications for investors.   And we analyse the impact of supply constraints and population growth on housing demand.   <span lang="EN-US" style= "font-size: 14