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The Guardian - AU
The Guardian - AU
National
Paul Gallagher

Morning Mail: High-end home values fall; costs of sea level rise revealed; and is AI coming for humans?

The property market is facing a rare price correction, with the largest declines concentrated among more expensive homes.
The property market is facing a rare price correction, with the largest declines concentrated among more expensive homes. Photograph: Lisa Maree Williams/Getty Images

Good morning. Amid the gloom over the property market downturn across Australia, new figures reveal that it is the more high-end houses being hit worst – down more than 10% from their peaks in some cities.

A new report has projected staggering economic losses to be felt across Australia by the end of the century due to coastal flooding as rising sea levels cause “safe land” to vanish amid a worsening climate crisis.

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