Why falling house prices do less to improve affordability than you might think
- Written by Chris Leishman, Professor of Housing Economics, University of Adelaide
Housing prices are falling in Sydney and Melbourne, so housing must be becoming more affordable – right?
The annual growth of house prices has been slowing consistently for more than a year in Australia’s largest cities. Prices finally started falling in the latter part of last year. The decline began much earlier in Perth and Darwin....
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