Australian Housing Under Pressure Amid Economic Shifts

From sharecafe.com.au

The Australian housing market is currently facing significant pressures, with dwelling values declining in major cities. Over the past three months, Melbourne and Sydney have registered annualised declines of approximately 10 per cent and 12 per cent, respectively. Nationally, dwelling prices fell at a 5.3 per cent annualised pace over the same period. Contributing to these market dynamics are recent government policy decisions. The Albanese government has introduced changes including new capital gains tax rates on investment properties, a ban on negative gearing for established homes, and an unprecedented 30 per ... (full story)