Australian property market may soon cool as rate hikes shrink borrowing capacity

Surge in population and faltering supply of new housing means Australia's property market is likely to lose momentum

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Australia's surging property market may be set to cool as affordability pressures mount, borrowing costs rise and more stock enters the market, analysts say.

National home prices were at or near record levels at the end of October, while CBA analysis shows mortgage repayments as a share of income were currently the least affordable on record in all cities save for Brisbane and Perth.

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