Cold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t biting

First-home buyers in Australia are stepping back from the property market despite lower prices and reduced competition, according to The Guardian. Investor interest has similarly declined across most sectors, with only new property developments sustaining demand. The pullback follows recent interest rate increases and tax reforms that have reshaped the housing market. The shift marks a notable change from the competitive environment that previously defined Australian property buying, with buyers now adopting a more cautious stance.

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