Australia's housing downturn may endure for a generation, expert warns
Australia's housing downturn may last a generation, according to housing expert Peter Tulip. Home prices fell 0.4 percent nationwide in June, barely improving affordability, and clearance rates remain below 50 percent. Tulip emphasized that the undersupply of homes continues to hinder affordability despite the price declines, which he considers beneficial for many voters and homeowners.
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Published 02 Jul 2026, 04:31 UTC · Updated 02 Jul 2026, 04:40 UTC
Summary by OZbrief Editorial. Original report: 7 News. Editorial policy · Corrections
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