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The great housing slump spreading from Sydney Harbour to the suburbs
New data shows that the property downturn has spread to nearly every suburb in the country’s two largest cities, and is threatening to engulf other centres.
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afr.com
Sydney, Melbourne prices to fall 10 per cent as downturn deepens: NAB
The bank expects home values across all capitals overall to dip around 5 per cent. Only a month ago, its national forecast was for a 2 per cent drop.
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theguardian.com
Homes in Australia are now cheaper – why can’t the government sell this good news story? | Saul Eslake
Ministers love to claim credit for things like cheaper petrol and cheaper pharmaceuticals – why not cheaper housing?
