Property prices at a national average level dropped in December, which is the first time this has happened in almost two years.
Yet there is still great price divergence between cities, and years of soaring prices have left home ownership out of reach for many.
Analysts predict property prices will continue to stabilise in early 2025 but could rise again if the Reserve Bank cuts interest rates as predicted in May.
Video by Lia Walsh more online by Emilia Terzon.
To personalise your news & stay in the know, download the ABC News app via the link our bio.
#HousingMarket #HousingCrisis #Aussie #FirstTimeBuyer #FirstHome #FirstHomeBuyer #Australia
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Yet there is still great price divergence between cities, and years of soaring prices have left home ownership out of reach for many.
Analysts predict property prices will continue to stabilise in early 2025 but could rise again if the Reserve Bank cuts interest rates as predicted in May.
Video by Lia Walsh more online by Emilia Terzon.
To personalise your news & stay in the know, download the ABC News app via the link our bio.
#HousingMarket #HousingCrisis #Aussie #FirstTimeBuyer #FirstHome #FirstHomeBuyer #Australia
Subscribe: http://ab.co/1svxLVE
Read more here:
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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- Agent Immobilier - Conseiller Immobilier
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- Australia, abc, abc news
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