While Australia’s economy is strong and stable, throughout 2018 we watched on as Australian property prices fell for twelve months in a row. While these price drops are some of the most significant Australia has experienced since the Eighties, it’s important to remember that they followed a period of extraordinarily rapid growth. Market conditions were tricky for buyers in Australia in 2018. Tighter lending restrictions imposed by the Australian Prudential Regulation Authority and Royal Commission recommendations made banks more cautious with lending than usual. Consequently, house auction pri
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