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Australia is one of the most likely countries in the world to clock property price falls, a new ranking shows, after prices boomed over the past two years.
PRICES
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While the cost of living is rocketing skyward, house prices have gone into reverse - dropping for the first time in two years.
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Property prices in most Australian cities are expected to fall by double-digit figures after the Reserve Bank of Australia hit the interest rate brakes.
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House prices in capital cities are slowing at a rate not seen in more than 30 years, signalling the property boom is finally coming to an end.
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The average price of property in Australia has fallen nationally for the first time since September 2020.
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The property market has weakened since last autumn’s boom, but with plenty of competition around for the most outstanding homes, agents say it has turned into a…
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Melbourne neighbourhoods where property buyers can find the biggest discounts (Sydney Morning Herald)
Home sellers in Melbourne’s ritzy inner eastern suburbs are offering the biggest price discounts, new data shows.
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The RBA says a sharp fall in the size of households helped offset the effect of the collapse of immigration on the housing market.
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With a Labor Government taking the reins for the first time in nine years, homeowners may be wondering what that means for the property market.
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The next federal government is being urged to look to the northern hemisphere for possible solutions to Australia's housing and rental crises.
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Smaller houses have taken the biggest hit to property prices in the cooling Sydney and Melbourne markets.
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Early super scheme for property threatens to cause a house price 'explosion', experts warn (Nine News)
Experts have criticised the Coalition policy to allow first home buyers to access their superannuation to buy property, warning it could cause price increases.
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