Residential Update and Outlook | July 2026
Our latest Update and Outlook report reveals some broad resilience, including GDP growth, a relatively stable labour market, and slowing inflation.
However, deep sector-level contractions, particularly in construction, present ongoing challenges.
In the residential market, the rising mortgage rates we have seen over the last four months, coupled with wider macroeconomic headwinds are finally cooling sales levels and keeping annual house price growth modest.
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