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propertyupdate.com.au > australias-housing-downturn-wont-solve-the-affordability-crisis

Australia’s housing downturn won’t solve the affordability crisis

1+ day, 9+ hour ago   (1197+ words) NAB expects combined capital-city dwelling values to fall around 7% from peak to trough. Sydney and Melbourne are expected to experience the largest declines. Falling prices alone will not make housing genuinely affordable because higher interest rates have reduced borrowing capacity....