The salary required to buy the average Australian home is rising despite falling property prices

The salary required to buy the average Australian home is rising despite falling property prices

Treasurer Jim Chalmers announced sweeping tax changes in May that have reduced home prices without making homes more affordable. Falling house prices since the May Budget were supposed to save Australian homebuyers – instead a huge pay rise has become the bare minimum needed to get the keys to an average home. New modeling has … Read more

Sellers are slashing prices at a historic pace to attract buyers sidelined by mortgage interest rates

Sellers are slashing prices at a historic pace to attract buyers sidelined by mortgage interest rates

Rising mortgage rates caused the housing market to cool in September, forcing sellers to cut prices to historic levels in an attempt to revive declining demand. Nationally, the share of listings with price reductions reached 20.8%, up 0.9 percentage points from a year ago and exceeding 2025 levels for the first time in 2026, according … Read more