The Australian property market grew 22.1 percent during 2021 on the back of low interest rates but ended the year on a subdued note CoreLogic revealed, with the national median house value in December only rising one percent,  down from 1.3 percent in November. It reflects the cooling market as the monthly growth rate had continued to soften since March last year when it reached its peak growth of 2.8 percent. At present, a two-speed market is emerging across capital cities, with the rate of gains easing in Sydney, Melbourne, and Perth while conditions in Brisbane and Adelaide have begun to gather pace. The slowing trend in Sydney and Melbourne is mainly attributed to affordability and the hurdle of a bigger deposit. The situation in Perth is largely caused by extended closed state borders, which has prevented interstate migration and diminished demand. Meanwhile, housing affordability is less challenging in Brisbane and …