The real estate market's bubble is bursting

The first quarter of the year has seen Australian dwelling values rise by 2.4 percent, adding approximately $17,000 on average to the value of an Australian home. Sydney has risen 17.7 percent in the 12 months to March this year; other capitals have risen 29.3 percent. Also, The federal government proposed to expand the housing program for first home buyers in Budget 2022, which allows first-time homebuyers to purchase owner-occupied homes with a 5% down payment, while the federal government and commercial banks will provide loan guarantees of up to 95%.
One click to see the 'winners' and 'losers' after Budget 2022!

However, separate government data showed that both the value and number of home loans slid in February, with new home loan commitments dropping 3.7% to A$32.3 billion, down from a record high. Although prices are still advancing across the country, the 0.3% monthly gain for the country’s eight major cities was the equal lowest since October 2020. Furthermore, wages increased 3.3% compared with a 22.6% lift in dwelling values between March 2020 and December 2021.

The uptick in the monthly growth rate was primarily driven by more vital conditions in Brisbane, Adelaide, Perth, and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne.

We have summarized for you some of the stocks that may be of interest to you today: $Goodman Group (GMG.AU)$ $Scentre Group (SCG.AU)$
$GPT Group (GPT.AU)$ $Lendlease Group (LLC.AU)$