House prices fell almost 5 per cent in September quarter: Domain Price Report

BUDGET 2022 HOUSING STOCK

New housing construction is seen at Marsden Park, west of Sydney, Wednesday, October 26, 2022. Australians struggling to break into the property market are set to benefit from a $350 million affordable housing scheme included in the federal budget. (AAP Image/Dan Himbrechts) NO ARCHIVING Source: AAP / DAN HIMBRECHTS/AAPIMAGE

The latest report on house prices indicates the cost of buying a home has fallen slightly across the country. But, the latest figures are of little comfort to those who rent or who are homeless.


The digital property portal Domain has just published its latest report on home prices in Australia.
It shows the cost of buying a house fell 4-point-9 per cent in the last quarter - which works out to be around $53,000.
In practical terms, that means more people are caught in the middle - either paying more than they can comfortably afford, or not in housing at all.
Advocates say women fleeing domestic violence are among the most vulnerable.




Share