Friday 9th October 2026
Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.
Australia’s housing market continues to present a puzzling contradiction: despite record-low vacancy rates and a severe structural shortage of housing, rental price growth has stalled—and in major cities like Sydney and Canberra, house rents are actually falling. On this weekend edition of the NAB Morning Call, Phil speaks with Dr. Nicola Powell, Chief Residential Economist at Domain, to unpack the underlying forces shaping the market. They explore whether affordability ceilings are forcing renters to adjust household sizes, how recent government tax settings and investor sentiment are shifting capital, and why traditional supply-and-demand rules are producing unexpected outcomes across major capital cities.
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