Australia's median house prices plunge 5.6% as housing crisis deepens
Australia's housing market has seen a significant downturn, with median house prices dropping 5.6 percent from their March peak. This decline has prompted a shift in government policy, as Labor aims to address affordability while balancing investor concerns. New data reveals a record 15 percent drop in new loans, intensifying the ongoing housing crisis.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 14 Nov 2026, 02:04 UTC · Updated 14 Nov 2026, 02:10 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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