House prices slide across Australia as Middle East conflict and tax changes begin to bite
Australian housing prices have begun to decline across major cities like Brisbane, Sydney, and Melbourne following a period of historic growth. Factors contributing to the downturn include rising interest rates, tax changes for investors, and geopolitical instability.
Brisbane’s median price has fallen about $8,000 since May, bringing an end to a historic 40-month incline. Photograph: Darren England/AAP Brisbane’s median price has fallen about $8,000 since May, bringing an end to a historic 40-month incline. Photograph: Darren England/AAP Housing House prices slide across Australia as Middle East conflict and tax changes begin to bite Cotality data shows a drop in Brisbane, Adelaide and Perth, as nation’s median home price falls about $19,000 below its March peak
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in