Australia's Housing Crisis Worsens on Energy Costs

Australia’s housing crisis is facing a new pressure point as the US‑led war involving Iran pushes up global energy prices, driving construction costs higher and making new homes harder to build. Meanwhile, Cotality data shows home values are now falling in Sydney and Melbourne, with rising interest rates weighing on buyers. Ray White chief economist Nerida Conisbee shared her outlook on the real estate market on "Bloomberg: The Asia Trade."
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