Dec 04 2024 18 mins 9
High interest rates, a shortage of homes and a booming population have triggered a housing crisis around Australia. But in Sydney, one of the world’s most expensive markets, the price of buying a house is finally starting to fall.
In this week’s podcast, Rebecca Jones asks Bloomberg News reporter Swati Pandey if there’s evidence of a longer downturn in Australia’s hottest housing markets. And just when are the country’s homeowners likely to get long-awaited relief from an RBA interest rate cut?
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