Property prices are falling, but the market is far from crashing
Price declines vary sharply across Australia, with regional markets, smaller capitals and units proving more resilient.
A softer housing market can create opportunities for investors, but local affordability, rental demand and housing supply remain critical to assessing individual properties. (Image source: Shutterstock.com)
There have been many strident headlines in recent weeks claiming property prices are plummeting, nosediving or crashing.
Notwithstanding four interest rate rises and the impact of the Federal Budget, nothing as dramatic as that is actually happening.
To put prices into some kind of perspective, the latest data shows that median house prices have fallen
to some degree in many jurisdictions across Australia, but certainly not all of them.And, w…
