Australia Housing Market Slumps as Rate Hikes and Tax Changes Curb Demand
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·1 viewsAustralia's housing market is experiencing a sharp decline following years of sustained growth. Rising interest rates and recent tax changes have pushed property values lower across the country. Falling home sales are dampening consumer spending and slowing construction activity nationwide. Many households are postponing property purchases, anticipating further price drops while managing increased living costs. Analysts suggest this downturn could rank among the most significant corrections in Australian housing history.
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