Allan stated that the government is currently facing budget shortfalls directly attributable to the current housing market conditions.
1 report, 1 independent
Updated Jul 5
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What happened
Allan stated that the government is currently facing budget shortfalls directly attributable to the current housing market conditions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Tax changes are impacting Victoria's budget forecasts, causing Melbourne house prices to fall, and threatening the Allan government's surplus.Sub-event
Allan discusses how the housing market is causing government budget shortfalls in Melbourne.1 source
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The entities involved
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Allan
Brazilian association football player
Nothing else this week.
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Melbourne
capital city of Victoria, Australia
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Victoria
city and commune in Chile
Related events
- Ray White has provided analysis indicating that both the Sydney and Melbourne property markets are leading the housing downturn following the budget.
- Redman comments on Australian housing trends, noting the housing market downturn in Melbourne and high property interest in both Melbourne and Perth.
- A housing market correction is broadening across Brisbane, Melbourne, and Sydney, with prices falling more than 1% per month.
- Market decline in Melbourne is affecting national trends, while Brisbane market data contributes to national housing statistics.
- Housing prices fell in Melbourne and Sydney, concurrent with Jarden analyst comments on Commonwealth Bank's lending practices.