Holmes Institute: Australian Property Market Analysis Report, 2019

This report provides a detailed analysis of the Australian property market, examining its structure, key issues, and economic impact. It begins with an executive summary and an introduction to the market's significance in the Australian economy, including its contribution to the GDP. The report then delves into the background of the property market, highlighting its dependence on major cities and the evolution of residential property demand. It discusses the market structure, identifying it as an oligopoly with monopolistic characteristics due to limited sellers, increasing population, and the nature of property. Key issues such as high property prices, low-interest rates, and immigration impacts are analyzed, along with the subsequent price declines starting in 2017. The report further explores the impact of these issues on the Australian economy and suggests suitable government policies for improvement, concluding with references to support the analysis.