The quarterly official Australian Bureau of Statistics data on house prices will be released and as always, it will focus the discussion on the strength or otherwise of the housing market. The other private sector indicators of house prices have generally seen some moderation in price growth, which if repeated in the ABS data will see annual growth slip below 10 per cent.
There is also evidence that the tightening of regulations and lending standards, especially for dwelling investors, has started to impact on demand and a recent fall in auction clearance rates, especially in Sydney, is likely to show up in further house price moderation into the second half of 2017.
