Australia's housing market declines as affordability hits lowest level since 1994
Australia's housing market has seen national values decline, notably in Sydney and Melbourne, largely influenced by recent interest rate hikes. Housing Industry Association data reveals affordability has dropped to its lowest since 1994, making homeownership unattainable for many couples. As markets adjust, concerns about negative equity continue to emerge, with only 0.4 percent of mortgage holders currently affected.
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Published 01 Jul 2026, 05:14 UTC · Updated 01 Jul 2026, 05:20 UTC
Summary by OZbrief Editorial. Original report: The Age. Editorial policy · Corrections
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