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Property prices plummet as auction clearance rates crash

4 min · I går
episode Property prices plummet as auction clearance rates crash cover

Description

Australian property markets are experiencing significant declines, with Domain projecting Sydney homes to lose over $120,000 in value and Melbourne homes around $84,000 over the next 12 months. Auction clearance rates have plummeted to levels not seen since the Global Financial Crisis, with some auctions reporting no attendees. The government argues these changes are enabling first home buyers to re-enter the market by reducing competition from investors, while critics claim the downturn is hurting all market participants and that banks are pulling back finance. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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episode Bird flu threat spreads across Australia artwork

Bird flu threat spreads across Australia

Bird flu strain H5N1 has been confirmed in four cases across Australia, primarily in South Australia and Western Australia, prompting health authorities to warn pet owners about potential fatal risks to cats and dogs. The highly contagious virus has devastated wildlife populations in the northern hemisphere, killing millions of birds and tens of thousands of sea mammals, with the UK losing 30 percent of breeding seabirds in one year. Experts warn the virus could spread across the entire Australian continent within six to twelve months and advise against touching dead birds, particularly seabirds, and recommend keeping pets on leash at beaches and cats contained at home. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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