SydneyHome prices fell for a fifth straight month.
New mortgage growth crawled to just 0.2% in July as buyers retreat.
Brent crude rose 5.4% in the month to Aug. 25, keeping Australia’s Reserve Bank from cutting rates.
AMP expects a total 10% peak-to-trough fall, with a turnaround in late 2027.
How each outlet framed it
drawn from 100+ reports worldwide
- South China Morning Post leans critical
- quantifies Australia as 'only 35% through' housing slump with projected 10% peak-to-trough fall and 2027 H2 recovery
- Real Estate Australia leans critical
- maps mortgage application collapse (20% Westpac, 15% CBA, 12% ANZ) triggered by rate hikes and federal tax changes