Explore the latest developments concerning How far is.
How far is too far? The risks of a tumbling property market
Brace for impact. Wednesday will deliver the figures on the monthly change in home prices. For the two-thirds of Australians who are already owners, it will be unwelcome news.
And as much as various federal government ministers turn themselves inside out to avoid admitting it, this was the house price correction that Labor engineered.
In its May budget, Treasury forecast that the government’s tax changes to help young people get into the housing market would lower property price growth by a modest 2 per cent against a background of roughly 6 per cent annual increases since 2000.
But tax tools can be too blunt to allow governments to guide the glide to a gentle price landing.
The housing correction we had to have will still be painful
A slide in house prices will improve affordability, but there are risks to confidence, consumer spending and housing supply that cannot be ignored.
Former prime minister John Howard once said no one ever complained to him that the price of their house was going up.
Will anyone complain to Anthony Albanese that house prices are going down at a rate of knots?
Gift 5 articles to anyone you choose each month when you subscribe.
YANRUO 3255 Cosmic Baguette Glass Stones Flat Back Strass Sewing Craft Loose Beads Crystal Sew On Rhinestone
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning How far is.
