✉news BusinessReal Estate first seen 12 h ago, last 6 h ago, peak #11
Australia's Home-Price Slump Deepens, Set to Extend Into 2027
Original: Australia’s Home-Price Slump Deepens, Set to Extend Into 2027
Australia's housing market downturn is worsening, with prices falling further and the slump now forecast to continue into 2027. The extended decline points to sustained pressure on homeowners amid high borrowing costs and weak demand. Observers are watching the outlook for buyers, mortgage holders and the wider economy as the correction stretches on longer than many expected.
Why now: Fresh forecasts show Australia's property downturn lasting longer than anticipated, affecting homeowners and buyers.
Evidence
- Australia’s Home-Price Slump Deepens, Set to Extend Into 2027 · Bloomberg.com
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