House prices are slipping. The supply shortfall and 2027 rate cuts could halt declines
Property prices are expected to fall for the rest of the year. The correction might prove short-lived.
Property values are slipping as the federal government’s changes to negative gearing and capital gains taxes kick in. But with supply continuing to prove challenging, the property price declines could be short-lived.
Here’s what you need to know about the key economic data releases this week.
Supply crunch
Property prices slumped in June with significant falls in Sydney and Melbourne. There has been plenty of discussion since about the possibility of a substantial hit to home values as the government’s tax changes kick in.
But there could be one factor holding back any long-lasting price falls: a lack of supply.
