ABC News & Headlines – Australian Broadcasting Corporation·4 min read·medium
Property market transforming with cold feet, cooling prices and withdrawals
H
Hanan Dervisevic
✦AI Summary
The Australian property market is cooling as high interest rates and economic uncertainty lead to lower asking prices and longer sale times. Data indicates a significant shift in buyer demand and a trend toward price discounting.
Four key pieces of data show how the property market is cooling. ( Getty: Brent Lewin/Bloomberg )
economybusiness
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