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Australian House Prices Surge, Widening Generational Gap
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Australian house prices surged by 8.6% last year, with predictions of at least another 5% growth in 2026. Every capital city saw gains, led by Darwin at 18.9%. Experts forecast 6-10% growth in capital cities next year, driven by Perth, Brisbane, Adelaide, and Darwin. However, interest rate hikes may cool momentum. The surge is widening the generational gap in home ownership, with homes now costing over ten times the average annual income, up from 3.3 times in the 1980s. Rents also climbed 5.2% last year. Tight supply and investor buying, fueled by tax breaks, are contributing to the issue. Higher-for-longer rates and cost-of-living squeezes may cap gains, but affordability remains a challenge. Checkout Solipillow.com
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