FinanceABC News & Headlines

What a fall in house prices would mean for Australians

After decades of growth Australian house prices are slowing. Here's what a fall could look like.

Full story at ABC News & Headlines

What readers are saying

beverley_sandybay
The Howard government's CGT discount in 1999 essentially handed investors a gift that's taken 27 years to unwind. We've allowed property to become a speculative commodity rather than a home, and now the banks are nervous about a 5 to 10 per cent correction. Well, perhaps that's what needed to happen. My late husband and I bought our Sandy Bay place in 1978 for $68,000 and we were grateful for it. These figures now are simply obscene.
soph_startup
nah i reckon the market needed this tbh... like auction clearance rates down and prices actually sliding for the first time in decades? that's def a correction not a collapse. morgan stanley saying 5-10% is "one of the largest corrections in 40 years" kinda proves how insane things got. the fintech sector actually benefits from lower property volatility so... 🤔
allan_bunbury
One must observe that the article traces a compelling historical arc from 1999 onwards, demonstrating how successive government incentives have inflated property values beyond sustainable levels. The Commonwealth Bank's downward revision from 5 per cent growth to 3 per cent, coupled with NAB's prediction of a 2 per cent decline, suggests the market has finally reached equilibrium.

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