There’s a new government, so what’s next for house prices?

 Australia’s downward house price trend will not change despite a new federal Labor government being elected on the weekend, experts say.

Economists are predicting the property market will continue to soften despite new policies aimed at helping first home buyers, single parents and low-income earners get into the market sooner and a promise of 30,000 extra social and affordable homes.

CBA senior economist Gareth Aird said the policies won’t be enough to soften the impact of rising interest rates and the rising cost of living on Australian households.

Read More: https://www.smh.com.au/property/news/there-s-a-new-government-so-what-s-next-for-australia-s-house-prices-20220523-p5anru.html



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