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'Decline': Housing Downturn Looms as Rate Hikes Bite

Cotality said Sydney and Melbourne are already declining as April capital-city values rose just 0.2% and rates and affordability weaken demand.

Summary by The West Australian
Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in the two biggest cities already on the slide.
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Newcastle HeraldNewcastle Herald
+6 Reposted by 6 other sources
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'Decline': housing downturn looms as rate hikes bite

Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in...

·Newcastle, Australia
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Bias Distribution

  • 86% of the sources lean Left
86% Left

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Michael West broke the news in Australia on Thursday, May 7, 2026.
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