✉news BusinessReal Estate first seen 8 h ago, last 4 min ago, peak #13
Australia's housing downturn needs perspective, analyst argues
Original: Australia’s housing market is definitely in a downturn – but let’s put that in perspective | Hal Pawson
Housing expert Hal Pawson writes in The Guardian that Australia's housing market is undoubtedly in a downturn, but cautions against alarmism. He argues prices and activity are cooling from exceptionally high levels reached during the pandemic boom, and that the decline should be viewed in that longer-term context rather than treated as a collapse.
Why now: Falling house prices and rising interest rates are a top concern for Australian households and policymakers right now.
Hal PawsonAustraliaThe Guardian
Evidence
- Australia’s housing market is definitely in a downturn – but let’s put that in perspective | Hal Pawson · The Guardian
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