Australia’s housing market ‘buckling’ under widening gap between income and home values, report finds

Housing prices fell by 0.1% in December but dip likely to be ‘shallow and short-lived’, according to CoreLogic

Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast

Australia’s housing downturn is being driven by a widening gap between income, borrowing capacity and home values, but the dip is likely to be “shallow and short-lived”, a new report has found.

In December, Australia’s property market eased with home values falling 0.1% after a flat result in November and a gradual slowdown over last year, according to CoreLogic.

Sign up for Guardian Australia’s breaking news email

Continue reading…

About Author