Politicians and experts weigh in on housing prices plummeting | 7NEWS

2 months ago The News Room

Australian home values have recorded their biggest monthly drop since December 2022, declining 0.4% nationally with Sydney, Melbourne and Canberra experiencing the largest falls. The housing market is entering the early phases of a downturn driven by multiple factors including three interest rate hikes, unaffordable housing, low consumer confidence and the recent federal budget.

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