Australia experiences ninth housing downturn as prices decline amid rate hikes
Australia has entered its ninth housing downturn in 30 years, as prices begin to slide following government budget changes and interest rate hikes. Analysis from Domain indicates prices would need to drop by 22.8 percent to revisit the lows of March 2023, but downturns historically precede recoveries that push prices to new highs.
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Published 01 Jul 2026, 19:34 UTC · Updated 01 Jul 2026, 19:40 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
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