Australians Warned Housing Market Could Be In Midst Of Worst Downturn In 40 Years | 10 News

By 10 News

Community Score: 50% | 940 views | 2w

0 community ratings: null thumbs up, null thumbs down

Australians are being warned tonight that the housing market could be in the midst of its worst downturn in 40 years as interest rates rise and properties wait to sell. Average home prices have now fallen for six months straight, while builders also face significant challenges. Join the conversation and follow us on: X: https://x.com/10NewsAU Facebook: http://www.facebook.com/10NewsAU/ Instagram: http://www.instagram.com/10NewsAU/ TikTok: https://www.tiktok.com/@10NewsAU LinkedIn: https://www.linkedin.com/company/10newsau 10 News airs at 5pm, seven nights a week in your local market on Network 10. Missed the bulletin? Catch up at https://10.com.au/news 10 News is based in Australia and is a division of Paramount.

Tags: Australia, Australian Housing Market, Cost of living, Finance, Housing, Housing Market, Interest Rates, News