Home affordability hits record low despite falling prices

Affordability has collapsed to its worst level ever as rising interest rates outpace the benefit of falling house prices across Australia.

Why it mattersRising interest rates are cancelling out the relief of falling prices for buyers; without more homes built, affordability will remain a barrier for ordinary Australians.

AustraliaMillions of Australian renters and would-be first-time buyers face the worst affordability crisis on record, making homeownership increasingly out of reach.

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Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.