Property prices drop nationally again, while rents rise as landlords squeeze tenants

Mr Lawless said property prices didn't drop by quite much in September as they did in August, when they dropped by 1.6 per cent in a month.Many sellers have been holding off from listing properties for sale amid the uncertain market.

"Normally at this time of the year, we do start to see the flow of new listings picking up quite substantially. But this year, it's been the opposite. "Potentially, we may be moving through the worst of the downturn. But we are still expecting housing values to trend lower over the coming months, at least until interest rates start to stabilise."

"We haven't seeing any evidence of distressed sales or panicked selling through the downturn to date."As the price of properties being sold drops, Australia's renters are continuing to suffer through increasing hikes by landlords.Rents have been soaring nationally as the amount of places to let has been at incredible lows.

Source: News Formal (newsformal.com)

We're just going to have to start building our own homes, free of things like property ownership and council regulations, don't complain about it either, because the system that benefits landlords is forcing our hand

Land and house prices in Australia are ridiculous. Propped by grants and negative gearings - 2 things that shouldn't exist And now investors will whinge about dropping prices and what can be done to support them.

48% rent increase.

The imagration of 200,000 more people per year to Australia will help keep rent prices up and wage down. That's good for some I guess?

Property prices drop nationally again, while rents continue to rise as landlords squeeze tenants: ABC WB: Interest rates up May 0.25% June 0.50% July 0.50% Aug 0.50% Sept 0.50%

rents are up MORE than 11% Where do u get your numbers from?

Why do you keep blaming landlords? Rents going up because high interest rates due to high inflation. We got inflation because we went full retard during Covid. You helped pushed that hysteria.

Tick tick tick...

Greed.🐀🐀

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