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Sydney house prices fall at fastest rate in 20 years

  Michael McGowan  Housing costs have fallen by 11.4% since peak, while nationally prices record the steepest fall in 15 years Sydney property prices have dropped back to mid-2016 levels, although the median house price in the harbour city remains above the $1m mark. Photograph: Joel Carrett/AAP House prices in Sydney have recorded their sharpest downturn in […]

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Negative gearing causing house prices in Sydney and Melbourne to skyrocket, report says

A new report on the housing affordability crisis in Sydney and Melbourne calls for the Federal Government to urgently rethink its support of negative gearing. The report, Sydney and Melbourne’s Housing Affordability Crisis – No End in Sight, was written by Dr Bob Birrell and David McCloskey from Monash University’s Centre for Population and Urban […]

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Dark days for Western Australian property market

Plummeting house prices in Western Australia serve as a lesson to all would-be property investors. Western Australia is facing serious problems. Plunging commodity prices are forcing iron ore mines to shut, mining companies to cut jobs, and tax revenue for the state coffers to plummet. But one of the big casualties in this painful process that hasn’t received […]