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Tuesday, October 13, 2026
The unexpected ways falling house prices will impact the economy | Alan Kohler | ABC NEWS
Australia's housing downturn is making home ownership more attainable, but it is also affecting the economy and reducing state budget revenues.
Mainstream news in Australia pointing out that the fall in the property market will impact government revenues significantly. Much of the economy is centred on housing, not the manufacturing industry that closed down due to neo-liberal outsourcing and (high energy cost/NET ZERO) deindustrialisation.
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