Domain boss says the housing market is 'tempering', not crashing, as property downturn continues
- Aug 19, 2022
- 1 min read
Australian house prices may be falling at their fastest pace in more than a decade, but the chief executive of real estate website Domain has argued the property market is simply going from red hot to normal.
Jason Pellegrino said although listing and transaction volumes were still high over the second half of the last financial year, there was "a tempering of the overall heat" in the market.
"Prices have started to decline, listing activity has started to temper as well," he told ABC's The Business program.
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