Economy‘Small price to pay’: young homeowners welcome falling prices despite the pain

Australian house prices have fallen 3.6% from their peak, hurting recent buyers through weaker valuations, refinancing risks and constrained family plans. Some, including Queensland homeowner Alex Hogan and Melbourne buyer Eibhlinn Cassidy, say they are willing to absorb those losses if a broader correction makes housing more affordable and narrows the divide between owners and renters.

Australia housinghouse priceshousing affordabilityinterest rates

TThe Guardian★★★☆☆2026-09-12 20:00Original