Homes in Australia are now cheaper – why can’t the government sell this good news story? | Saul Eslake

Ministers love to claim credit for things like cheaper petrol and cheaper pharmaceuticals – why not cheaper housing? Get our breaking news email, free app or daily news podcast Residential property prices in Australia’s eight capital cities have fallen by an average of 2.5% from their most recent peak in March, according to data published earlier this week by both Cotality and Proptrack. The declines have been somewhat greater in Sydney and Melbourne – 5.6% and 5.7% respectively – where th...

By Saul Eslake