Cold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t biting

Exclusive: Data shows buyers are not rushing to get into the market, despite lower prices and less competition Get our breaking news email, free app or daily news podcast First home buyers are starting to step back and investor demand is slumping in all areas except new property, as Australia’s housing market enters a downturn. Research shows the market is transforming, nearly two months on from a third consecutive interest rate rise and sweeping tax reforms. Continue reading...

By Luca Ittimani