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Hal Pawson, Emeritus Professor of Housing, UNSW

This chart tells you everything you need to know about the downturn in property prices

United States Angus Taylor Housing Market Australia

With national property values down by 5.2% in September from their March peak, Australia’s housing market is in a distinct downturn. This has sparked concerns voiced by Opposition Leader Angus Taylor of a housing market “in freefall”.

Translated into dollar terms, using the Domain property price series, the price of a typical home has dropped to about what it would have fetched one year ago.

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