Explore the latest developments concerning Debate over house.
Debate over house prices 'invokes terror' in politicians
One economist says house prices falling will ease inflation. (ABC News: Steve Keen)
Politicians have hesitated to weigh in on whether it would be good or bad if prices fell.
One economist says house prices falling will ease inflation but would upset many voters.
The government has passed its budget tax reforms through the House of Representatives, but will need the support of the Greens to pass them in the Senate.
Politicians do not want to say whether house prices should rise or fall as the market softens, despite agreement housing should be more affordable for younger people.
The government's proposed changes to negative gearing and capital gains tax have contributed to a slowdown at auctions as people wait to see how it will affect them.
Newsroom edition: House prices in Australia are falling – will it hurt Labor? – Full Story podcast
Josephine Tovey speaks with Gabrielle Jackson, Patrick Keneally and Jonathan Barrett about why Labor is damned if they do and damned if they donât when it comes to the diabolical political conundrum of trying to solve the housing affordability crisis without bringing down house prices
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Asking prices drop as cooling market turns in buyers’ favour
Initial asking prices are falling, homes are being relisted at lower prices and buyers are winning bigger discounts on real estate as the housing market cools rapidly following the federal budget and higher interest rates.
Buyers have been paying up to 5 per cent less than the original sale price for private treaty purchases across the capital cities in the past three months, an increase on the decade average of 3.3 per cent, according to data provider Cotality.
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