Borrowing power is shrinking faster than house prices, leaving many buyers no closer to owning a home.
  • slazer2au@lemmy.worldEnglish
    42·
    1 day ago

    “With Sydney’s median house price still hovering at $1.6 million, a further $30,000 drop is still closer to a rounding error than a savings,” Canstar’s data insights director, Sally Tindall said.

    That says it all doesn’t it.

    • SaveTheTuaHawk@lemmy.caEnglish
      5·
      4 hours ago

      Yeah, same as Canada, house prices shot up 600% in 15 years and then when they lose 3% the media is all mArKeT cRaSh bUy nOw.