Updated Jul 8, 2026 – 12.38pm, first published at 12.00pmTaking a call from sun-drenched Athens, Euro Appliances’ managing director Mario Boffa says he is dealing with a very different climate back home: an Australian housing market that has suddenly gone cold.The business – which sells Italian-inspired white goods, outdoor appliances and stone products – has been on an investment drive, hiring staff, training managers and buying machinery to cut and polish the benchtops for new and renovated kitchens, laundries and backyard entertaining areas.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Australia property downturn squeezes retailers as home sales stall
A housing market slowdown brought on by the government’s property tax changes is making home owners feel poorer, and less willing to spend on new household appliances.
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