‘Not necessarily good news’: Property plunge no panacea for housing affordability crisis - The New Daily

House prices will need to fall by more than 20 per cent to offset the declining affordability of owning a home due to rising interest rates, new data shows.

Hopeful home buyers have been warned that falling property prices wont improve housing affordability, despite the average time taken to save a deposit blowing out to more than 11 years during COVID. … [+4449 chars]

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