housing markets that changed the most this week 1

This week, some housing markets moved up strongly, while others slowed down or even dropped a little. Let’s look at the three main markets that showed the biggest changes and why they shifted.

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1. Australia – Prices Going Up

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• Home prices are rising quickly.
• NAB’s Property Index reached the highest level in a year, showing strong buyer confidence.
• First-home buyers are very active, making up about 40% of sales.
• Since January, prices have increased by about 3% (around $86,000 more in value).
• Government support programs and lower rates are helping the market grow.

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2. United Kingdom – Prices Cooling Down

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• House prices in the UK fell 0.1% this month and 0.4% during summer.
• The fall is linked to uncertain tax changes, like:
  • Capital Gains Tax on main homes
  • Extra tax on rental income
  • Replacing stamp duty with a yearly property tax
• Because of this, many buyers and sellers are waiting for more clarity.

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3. Sydney, Australia – Central Coast Dropped

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• In Sydney overall, prices went up by 0.7% in August and 1.5% in the last three months.
• But the Central Coast area fell by 0.38%, the only Sydney region that did not grow.
• The drop was mostly due to lower investor demand in that region.

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Quick Summary Table

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MarketChangeReasonAustraliaPrices rising (+3%)Govt support + strong demandUnited KingdomPrices falling (-0.1%)Tax policy uncertaintySydney – Central CoastPrices falling (-0.38%)Lower investor demand

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Outlook (What’s Next?)

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• Australia: Prices may keep rising as spring brings more buyers.
• UK: Market will likely stay slow until tax rules are clearer.
• Sydney – Central Coast: Could recover if overall Sydney demand keeps growing.

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