Australia’s housing market is cooling fast, with unit prices plummeting across major cities as investors and first-timers pull back—thanks to recent tax changes and global supply chain woes. Adelaide and Canberra led the drop, while Sydney and Perth also saw declines, reversing last year’s upward trend. Affordability is now king, giving buyers more power than ever in a true buyer’s market. The only bright spot? Darwin, where unit prices surged 5% to a median of $443,300.
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