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Cold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t biting

The Guardian World Friday 03 July 2026, 15:00 UTC By Luca Ittimani 1 min read
Key Points

Exclusive: Data shows buyers are not rushing to get into the market, despite lower prices and less competitionGet our breaking news email, free app or daily news podcastFirst home buyers are starting to step back and investor demand is slumping in all areas except new property, as Australia’s housing market enters a downturn. Research shows the market is transforming, nearly two months on from a third consecutive interest rate rise and sweeping tax reforms.

Exclusive: Data shows buyers are not rushing to get into the market, despite lower prices and less competition

First home buyers are starting to step back and investor demand is slumping in all areas except new property, as Australia’s housing market enters a downturn.

Research shows the market is transforming, nearly two months on from a third consecutive interest rate rise and sweeping tax reforms.

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Australia (LOCATION) podcastFirst home (ORG)
Originally published by The Guardian World Read original →

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