Falling Property Prices Threaten Future Housing Supply
The RBA governor noted that falling home prices might deter new construction, exacerbating the existing housing supply shortage. This could lead to future price increases once the downturn subsides.
A potential slowdown in new construction in Melbourne's western growth corridor could impact future housing availability. This might lead to increased demand for existing homes and land, benefiting current property owners long-term.
Summarised by Ravs Realtors from reporting by The Guardian.



