The Daily News Now!
25 May 2026
Sydney and Melbourne property markets are cooling fast, with auction clearance rates stuck low and new federal budget tax measures poised to slam investor activity—potentially triggering the biggest price correction in 40 years. The government’s move to curb investor borrowing and rental appeal, combined with soaring interest rates, is chilling buyer confidence and slashing loan approvals. While aimed at helping first-timers, the fallout could leave recent homeowners—especially those who got loans with government help—in negative equity if prices tumble. It’s a tough pill for many, but officials say it’s the price of making housing more affordable. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/b7a87b66881c2365
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