Why falling house prices won’t be an economic disaster
House prices in Sydney and Melbourne began to decline in June 2026, with estimates suggesting drops of less than 10 percent. Despite concerns, different sectors, including construction and retail, show resilience, with housing accounting for 13 percent of the economy. Experts affirm that a slight downturn in housing values will not significantly harm the broader economic landscape.
Summary by OZbrief Editorial · SMH · Source
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Published 21 Jun 2026, 19:00 UTC · Updated 21 Jun 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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