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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.
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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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afr.com
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.
