Australian Property Price Crash Still Unlikely

Dow Jones06-29

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment