Australia Housing Market: Why Are Home Prices Falling, How Far Could They Drop
Australia's housing market is experiencing a downturn following a 30-year boom. National house prices have risen 70% over the last seven years, making it one of the most expensive markets globally.
For the past three decades, Australia’s property market has experienced a prolonged boom, with prices rising sharply despite periodic downturns. In the past seven years alone, national house prices have risen by roughly 70%, resulting in one of the most expensive property markets in the developed world.
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