
▲ 61 r/AusMoneyMates
Australian house prices have fallen for six months in a row
House prices dropped another 1.1% in September, bringing the total decline to 5.2% from the March peak. Sydney fell 1.4% and Melbourne 0.7%, while experts are warning that further falls could follow as higher interest rates continue to affect borrowing capacity. Is this finally making Australian housing more affordable, or is it creating a different set of problems for homeowners and the economy?
u/Diligent-Medicine-48 — 13 days ago