Is the property market actually crashing?

House prices are falling across Australia, but that might not make it any easier for potential first home buyers to buy one. Sydney and Melbourne are leading the slide, interest rate rises have quietly slashed how much buyers can borrow, and new tax changes are reshaping the investor market. For renters, the market is feeling almost entirely different.  On today’s podcast, we’re joined by Cotality's Gerard Burg - someone who is an expert in the ups and downs of our housing market - to unpack what's really driving this shift, what it means whether you're buying or renting, and whether he’s ready to describe it as a crisis.  Hosts: Sam Koslowski and Emma GillespieGuest: Gerard Burg - Head of Research, Coality AustraliaProducer: Imogen Abbott Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here. Shot on Fujifilm.See omnystudio.com/listener for privacy information.