Have Australians simply ‘stopped buying houses’?

So when he reads the market off his own loan book, it’s a pretty decent cross-section of the market. According to Bouris, it’s less of a property market slowdown we’re experiencing and more of a halt, adding that what people now borrow for has shifted entirely. Free Daily Newsletter Never miss an expert insight Join over 100,000 Australians who get Peter Switzer’s top finance stories delivered free every weekday. “People have stopped buying houses,” he said. “All that’s really happened,” Bouris said, “is the policy has exacerbated the three rate rises we had before the May budget.”