The housing market is splitting in two – here’s who is buying

Fresh housing finance data analysed by KPMG shows lending activity fell across every major buyer group during the June quarter, as highlighted by KPMG Urban Economist Terry Rawnsley.

Australia's housing market is starting to look like two very different stories. On one side, New South Wales and Victoria, where higher borrowing costs and waning confidence are putting the brakes on buyers and investors. On the other, demand in Queensland, South Australia and Western Australia, is still holding strong where investors are still active. Fresh housing finance data analysed by KPMG shows lending activity fell across every major buyer group during the June quarter. Investors w...

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Authors: Terry Rawnsley

Published Date: 20 August 2026