Australia’s regional property boom slows but housing stress still a major concern
by Caitlin Cassidy from World news | The Guardian on (#62K9A)
Beach and country lifestyle areas show market weakness after record-breaking rises during the pandemic
- Follow our Australia news live blog for the latest updates
- Get our free news app, morning email briefing or daily news podcast
The regional housing boom is beginning to slow in trophy hotspots across New South Wales and Queensland after years of phenomenal" growth, although overall the market is still outpacing capital cities.
CoreLogic's latest regional market update found 10 regions registered modest value declines in the three months to July, with beach and country lifestyle areas the first to show market weakness after record-breaking rises during the pandemic.
Sign up to receive an email with the top stories from Guardian Australia every morning
Continue reading...