‘Albanese’s unwanted legacy’: Housing market plunges towards biggest crash in 40 years

News24 host Sharri Markson exposes the deepening housing crisis facing Australians as dwelling prices plunge and the Albanese Government faces mounting blame over 15 rate rises.

“The housing market is facing the largest crash in 40 years, and this is shaping up to be Anthony Albanese's unwanted legacy,” Ms Markson said.

“Property analytics firm Totality has recorded a 4.7 per cent drop in dwelling prices in Sydney which, if the trend continues, would amount to an 18 per cent annual crash.

“What makes this so infuriating is that this housing market crunch - and the slowing economy has been deliberately created by the Albanese Government.

“Now there have been 15 rate rises on Albanese's watch, yet he hasn't accepted responsibility or come close to apologising.”