2345 GMT - Talk of a housing price crash in Australia is increasing. Sales at auction have softened, while buyer confidence has weakened and government tax changes have added another layer of uncertainty. Still, Nerida Conisbee, chief economist at property firm Ray White, says a broad-based price crash looks unlikely. Australia remains short of housing, population growth is still strong and construction is constrained, she says. Some segments will continue to be supported by scarcity, stronger household incomes and lower exposure to policy changes, while others will be more exposed, Conisbee says. (james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
June 28, 2026 19:45 ET (23:45 GMT)
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