How far could property prices fall before years of gains disappear?
The property downturn is affecting markets and homeowners differently, with some cities holding substantial buffers while others could quickly give back years of growth.
Australia’s property downturn is affecting homeowners differently, with the size of each city’s previous growth providing an important buffer against further falls. (Image source: Sunflowerey/Shutterstock.com)
Australia’s declining property prices are impacting the psyche of all cohorts of the property market, from first home buyers to seasoned investors.
Just how concerned they should be will become clearer as the market stirred up by historic reforms to negative gearing and the capital gains tax discount play out.
The Federal Government was well within its rights to tackle a housing market that had soared out of reach of young Australians, and all …
