Radical shift for millions of Australians as house prices drop
Radical shift for millions of Australians as house prices drop
#breakingnews #australia #realestate #housingmarket #sydney
House prices are falling in Sydney, Melbourne and Canberra as the market confronts the perfect storm of rising interest rates and the Albanese Government’s crackdown on landlords’ tax breaks.
The long-awaited June figures capture the first clear month since the Albanese Government announced major changes designed to boost housing affordability for first home buyers.
It’s good news for first home buyers, with the cost of a new home falling in Sydney and Melbourne, but it’s bad news for sellers.
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