Jim Chalmers acknowledges concerns as Australian house prices continue to decline
Australia's Treasurer Jim Chalmers acknowledged concerns over falling house prices during a Channel Nine interview. As national values drop—down over 4% in the last year—affordability has declined to its lowest since 1994, with many buyers now unable to secure homes. The Reserve Bank noted only 0.4% of mortgage holders are in negative equity, contradicting earlier fears.
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Published 01 Jul 2026, 05:14 UTC · Updated 01 Jul 2026, 05:20 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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