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News
Australia's most expensive homes decline in value
4+ day, 6+ hour ago (754+ words) September's property data shows high-end houses have dropped in value. (ABC News: John Gunn) Property data shows high-end houses in Sydney and Melbourne are down more than 10 per cent in value from their peak. An expert says the housing downturn…...
Housing affordability hits lowest rate on record
1+ week, 2+ day ago (96+ words) AUDIO: Housing affordability hits lowest rate on record ABC News & Headlines – Australian Broadcasting Corporation AUDIO: Housing affordability hits lowest rate on record Even with recent declines in property prices, national housing affordability has hit an all-time low. (ABC News: Kelsey…...
What is Australia’s economic outlook?
1+ week, 4+ day ago (1715+ words) Treasurer Jim Chalmers speaks to 7.30 SARAH FERGUSON: On house prices first. At the budget, Treasury said that the impact from the government's tax changes would see house price growth continue to rise, but by a bit less, 2 per cent over…...
House prices plunge as property downturn spreads
1+ week, 5+ day ago (91+ words) VIDEO: House prices plunge as property downturn spreads ABC News & Headlines – Australian Broadcasting Corporation VIDEO: House prices plunge as property downturn spreads Data from Cotality reveals the nation's housing downturn has accelerated, with home values declining for the fifth straight…...
Young Australians first to fall behind on home ownership, report shows - ABC News
2+ week, 5+ day ago (712+ words) Higher house prices and costs of living are disproportionately affecting young people. (ABC News: Eric Hao Zheng) Generational inequality is pushing more young Australians out of the housing market, Anglicare's new Falling Behind report shows. The report found home ownership…...