AGP Executive Report
Last update: 4 hours agoMarket Shift: Australian capital-city house prices fell 4.7% in the third quarter, with every capital recording a decline for the first time in 15 years. In the UK, prices are falling across 35% of postcode areas, while rising listings give buyers more room to negotiate. Affordability: Higher mortgage costs are keeping buyers cautious, even as sellers cut prices. A Melbourne first-home family sidestepped auctions to buy a $720,000 new build for $80,000 under budget, using a 5% deposit scheme. Buyer Options: Some regional Victorian towns still have median prices below $500,000, but values have surged as much as 98% in five years. Policy: The U.S. Treasury is proposing limits on large investors buying single-family homes, a move aimed at easing competition for individual buyers.
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