Worsening affordability for houses, tight supply in the high density housing sector and increased first-home buyer demand could fuel upturn in the sector.
The proportion of vendors desperate to offload properties jumped to 20 per cent in some mortgage belt areas as owners struggle to meet higher mortgage repayments.
House prices in Brisbane’s flooded areas could take longer than four years to bounce back as the market heads to a broader slowdown, according to CoreLogic.