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Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets

Bloomberg Markets · Jun 25, 2026, 5:44 AM · Also reported by 2 other sources

Australia’s housing downturn has wiped A$185 billion ($128 billion) off the value of the nation’s top two markets so far this quarter, a result that’s likely to weigh on the wealth effect that underpins consumer spending across the economy.

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Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets

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