The great property debate: crash, correction or comeback?
Banks, economists, buyers agents, auctioneers, developers and politicians weigh in on the plight and prospects of Australian property.
Opinions are divided on where Australian property prices are heading. (Image source: Josie Elias/Shutterstock.com)
Australians have spent a decade complaining that housing has become impossibly unaffordable. Now that prices are falling, the country is discovering an uncomfortable truth: not everyone wants them to.
Figures from Cotality released in early August showed the average national home price fell 0.7 per cent in July to $928,421, the biggest monthly decline since December 2022. It capped a correction that began with rising interest rates and was amplif…
