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Labor’s O’Neil says housing market undergoing a correction
The housing minister’s comments come amid a downturn that has sent house prices down 1 per cent in Sydney in the past four weeks as auction clearances near record lows.
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afr.com
‘Downturn is deepening’: Sydney prices fall faster as clearances crash
Prices in Sydney and Melbourne could fall by 8 per cent by the end of the year as auction clearance rates slump to near the lowest on record.
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abc.net.au
Live: Minister says Australian housing market experiencing a 'correction'
Housing Minister Clare O'Neil says Australia's housing market is experiencing a correction following COVID amid low auction clearance rates in major capital cities. Follow live.
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Labor’s O’Neil says housing market undergoing a correction
The housing minister’s comments come amid a downturn that has sent house prices down 1 per cent in Sydney in the past four weeks as auction clearances near record lows.
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Treasurer contradicts Housing minister on property market ‘correction’
Chalmers walked back O’Neil’s acknowledgement that there is a housing price correction under way as auction clearance rates plummet on Labor’s tax changes.
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Minister acknowledges Australian housing market is experiencing 'correction'
Clare O'Neil has acknowledged that the property market is undergoing a correction, but says the government's proposed tax changes are not the sole cause.