Sydney and Perth recorded the steepest home price declines, using data to defend government property tax policy.
3 reports, 2 independent
Updated Aug 1
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What happened
Sydney and Perth recorded the steepest home price declines, using data to defend government property tax policy.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Sydney
capital city of New South Wales, Australia
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Perth
capital city of Western Australia, Australia
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Anthony Albanese
31st prime minister of Australia since 2022
Related events
- NZ government implemented a tax package while the RBA lifted cash rates and Sydney saw property value declines.
- Ray White has provided analysis indicating that both the Sydney and Melbourne property markets are leading the housing downturn following the budget.
- Rate hikes impact Perth homeowners' budgets.
- Property market downturn threatens state budgets in Sydney, Tasmania, and Queensland due to heavy reliance on stamp duty receipts.
- Rent yield pressure and tax changes are affecting property investment yields in the Sydney and Melbourne markets.