Budget Paper No. 1: Budget Strategy and Outlook 2018-19 ...

There is uncertainty, however, about the extent to which the outlook for the housing market will influence overall household consumption (Box 1). Housing price falls accelerated over 2018 and have continued into 2019. As at February 2019, capital city housing prices had fallen by 8.6 per cent from their most recent peak in September 2017. ................
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