First reported by bsky
Australia's housing market downturn: First home buyers retreat as interest rates rise
Cold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t biting
By
Luca Ittimani
1d ago
Source
The GuardianCold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t bitingtheguardian.comExclusive: Data shows buyers are not rushing to get into the market, despite lower prices and less competition Get our breaking news email , free app or daily news podcast First home buyers are starting to step back and investor demand is slumping in all areas except new property, as Australia’s housing market enters a downturn. Research shows the market is transforming, nearly two months on from a third consecutive interest rate rise and sweeping tax reforms. Continue reading...
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