Why Australian House Prices Are Finally Dropping | 10 News+

Let them fall

BECAUSE THIS IS (contrary to popular belief) NOT A SAFE COUNTRY

Why are house prices falling? Answer because the housing market is a Ponzi scheme and no one can afford the artificial bubble any more. Many people have been making more money out of capital gain speculation than they can ever earn by working, the banks love the financialisaton of the economy and the Governments are rent seeking parasites subservient to the banks. An economy bases around and feeding off an inflationary housing bubble is unsustainable tulip mania.

No, house prices are getting higher in relation to ever inflation and worthless Australian dollar. Young people will never own a home. More gaslighting.

First-home buyers, beware!! The home you buy today may not increase in value. If your financial situation changes and you’re forced to sell during a market downturn, you could end up selling for less than you owe on your mortgage, leaving you with debt even after the property is gone.

so first home buyers will be able to afford a house now??? Wasn't that the point of all of this???

They are dropping alright BUT to the detriment of those normal mum and dad investors who have or had 1 or 2 houses that they were using as a nest egg to help with their retirement so as not to be a burden on their children in later years . Now because this f- - - - d government has created a budget that attacks them they’ve had to sell of those investments at a lose , and still the government claims that they created this windfall for first home buyers WHAT A LOT OF 💩

Where? 😂

Crying about a TINY drop over several months is out of step with the concept of long term investing in real estate.

Labor will make sure you still can't buy after they spike inflation for another 2 years.

The real story of high housing prices is that it also caused under investment in productive/innovative businesses.

Home is human essentials, and putting human essentials on auctions is strong evidence of government failures.

It's insane that the median average house price in capital cities is now over a million. It should be half of that at the absolute most!

About time hope prices fall further at least 1/4 more of a drop would be preferable

It's evil to attack home values as people watch their assets lose value. Labor have broken the back of this nation.

Housing is human rights, not national commodity.

Yeah its cooked bro

Don’t believe the news ever

The median house price is 1 Million? Jesus Christ. It really needs to crash.

The same voices who created today’s housing crisis are now asking Australians to trust them with the solution.

The Grattan Institute’s answer is simple -tax investment harder. Labor’s answer is to keep making it less attractive to provide rental housing.

But here’s the reality.. you cannot tax your way to more homes.

Every investor pushed out is one less rental. Every new tax is another reason not to build, not to buy, not to invest. The people who pay the price aren’t investors -they’re renters.

Australia doesn’t have a tax concession problem. It has a housing supply problem!

Stop blaming the Australians who saved, sacrificed, and followed the rules. Start fixing planning delays, red tape, and the barriers that stop homes from being built!

Punishing aspiration has never built a single house!!

The average income is totally misleading. The majority of people earn far less than the average income. The median income is a much more accurate figure. Most people are earning between $50 to $80k, well below the $106k quoted in this article

Still too high. I'd rather live in a natural cave but that's illegal.

To the people complaining about the new tax reforms, I'm genuinely curious as to your reasons.

How is it a 'tax grab' to finally fix a system that rewards lazy wealth extraction over actual hard work?
Right now, the tax system is rigged so that billionaires and mega-landlords can pay a lower effective tax rate than an everyday worker earning $80k a year. Why would anyone consider that an optimal situation?
When we tax passive wealth extraction at a higher rate than labour, we encourage lazy, speculative investment instead of real innovation and productivity. It’s a cancer on the economy and I'm so glad something is finally being done about it.

And before anyone tries to say that taxes on wages haven't been reduced (because I know you haven't bothered to look it up - and you only consume biased media that intentionally omits it) There have been continuous, year-on-year tax cuts that Labor has actually delivered since 2024. In 2024, they overhauled the Stage 3 cuts by dropping the second tax bracket from 32.5% down to 30%, and the bottom bracket from 19% down to 16%. Now for 2026, that bottom rate drops again from 16% to 15%, alongside the new $1,000 instant work deduction. Next year, that lowest bracket drops a third time down to 14% (lowest it's been in 50 years) which is on top of the Working Australians Tax Offset.

Poeple already in teh market now have a home to live in. Simple. The price doesn't matter.

house is trap

Its amazing you’ve got the worlds most over priced real estate market, where the average house price is 10 x the average income ratio, only Hong Kong exceeds that, and the conservatives are denigrating a 1% price drop, what a joke.

The conservatives started it all with those tax breaks and together with the worlds highest house prices they have benefited the most… by far.

The root cause of this house price disgrace is governments propping up the housing sector, their third pillar of the economy, put every cent you earn into it and your guaranteed never ending price rises, housing instead of just being somewhere to live, its been turned into a fruitless waste of capital, especially in this country with $Billions even Trillions shoved into these unproductive assets…just like NDIS and welfare.

All that dead money instead of being wasted on mortgages should have been directed towards building the economy and industries of the future…the clever country you have to be joking….

Voting Labor❤️