Australia Faces 'Biggest Property Downturn in 40 Years', Raising Recession Risk

Growing fears home values could plummet by new record

Australian property values could fall by almost double the level of the early 1980s when there was a year-long recession - wiping more than $140,000 from a typical home and a lot more in Sydney.

A buyer's market without buyers: Housing downturn deepens with nationwide falls

Australian property values have declined for the sixth month in a row as the cost of living takes its toll on buyers.

Housing market on track for its steepest downturn in 40 years

Four interest rate rises and changes to tax concessions wiped 1.1 per cent off residential values in the past month. Use our searchable table to check your area.

Australia faces 'biggest property downturn in 40 years', raising recession risk

Australian house prices have fallen for a sixth straight month, and the property market is likely to continue experiencing drops of up to 15 per cent in the coming months, experts say.

Brisbane and Sydney hit hardest by falling house prices as 5.2% shaved from property values nationwide

Housing prices are falling in almost every suburb in Australia’s biggest cities, with values dropping faster in Brisbane than Sydney as the slowdown intensifies. Prices nationally have fallen 5.2% from their peak in March to where they were a year ago, Cotality data released on Thursday shows. Economists say prices are on track to fall […]