Home owners are understandably worried about the national property downturn. A decline in house values, which for most people is their most important asset, isn’t something to be welcomed.The property market was already softening after the Reserve Bank raised interest rates three times in response to inflation flaring up again. The correction intensified when the Albanese government’s May budget rewrote the rules on negative gearing and capital gains tax concessions for property investors.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles