Australia’s Housing Market Worsens
Australia's housing downturn is accelerating, with higher interest rates and weaker investor demand driving the biggest home price declines since late 2022. REA Group Senior Economist Anne Flaherty says further...
By Bloomberg Markets · Bloomberg Markets
Australia's housing downturn is accelerating, with higher interest rates and weaker investor demand driving the biggest home price declines since late 2022. REA Group Senior Economist Anne Flaherty says further falls are likely through year-end, especially in higher-priced suburbs. She discussed the outlook for Australia's housing market on "Bloomberg: The Asia Trade". (Source: Bloomberg)