Guardian Australia18h agoReal_estateAustralia
Australian House Prices See Modest Drop, Affordability Remains a Long-Term Issue
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- Australian house prices fell 0.7% in the June quarter to $937,000, following a peak in March.
- Despite recent drops and bank predictions of further declines, a decade of significant price acceleration means affordability remains a major long-term challenge, with median prices still costing over 15 years of disposable income.
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Australian house prices fell 0.7% in the June quarter to $937,000, following a peak in March. Despite recent drops and bank predictions of further declines, a decade of significant price acceleration means affordability remains a major long-term challenge, with median prices still costing over 15 years of disposable income.
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This article was originally published by Guardian Australia.