How far is too far? The risks of a tumbling property market
Australia's property market faces a significant downturn, with major cities like Sydney and Melbourne seeing declines in home prices. Treasury forecasts indicate a 2 percent decline in price growth due to new tax measures aimed at aiding first-time buyers. This correction may leave homeowners feeling poorer and could have wider implications for consumer spending and economic growth.
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Published 29 Jun 2026, 05:24 UTC · Updated 29 Jun 2026, 05:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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