Why Home Values Are Dropping Everywhere

The Summary: Australian home values are falling at their fastest pace in over a decade, with quarterly data confirming price drops across every single capital city. On this episode of The Summary, host Josh Bryant investigates why the heat has completely left the property market and how far values could slide. Dr. Nicola Powell, Chief of Economics and Research at Domain, breaks down the latest market data, contrasting houses against apartments and detailing why resilient capitals and regional markets are finally cooling off. Then, Professor Hal Pawson from UNSW’s City Futures Research Centre analyzes the wider economic risks, negative equity concerns for recent buyers, and what declining property tax revenues mean for state governments. Tap the follow button in your podcast app to get the latest episode from The Summary. The Summary, a podcast that keeps you connected to what matters, and why. See omnystudio.com/listener for privacy information.