Claims extracted
25
sentences that state something as happening or true
Uncertain
0%
0 of 25 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
68/100
ABC News (AU)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
In short:
Quarterly data show the median house price has gone down in every capital city for the first time in 15 years.
asserted
price → show → years
The trend varies outside the capital cities, with Vic, NT, and SA all seeing regional prices rise.
What's next?
asserted
What → vary → cities
A real estate agent in regional SA, where the increases have been steepest, has seen inquiries plummet in the last few weeks.
asserted
inquiries → see → weeks
Australia's last holdout against a cooling house market is still on the way up, but years of rapid growth are expected to come to an end soon.
asserted
years → cool → end
Earlier this year Helen Burns sold her "little cottage" in the Adelaide Hills for about $800,000, venturing 350 kilometres south-east to a new home in the small town of Penola in South Australia's South East.
asserted
Burns → sell → East
The move was motivated by family factors but deemed a "no-brainer" when she crunched the numbers.
asserted
she → motivate → numbers
"[I] pretty much tripled the land size and doubled the house size for only $20,000 [more]," Ms Burns said.
asserted
Burns → triple → 20,000
This kind of calculation saw regional prices rise in Victoria, the Northern Territory and South Australia, with regional SA the steepest of the bunch.
asserted
SA → see → bunch
On the ground in the lagging state
The latest Domain property report showed prices outside of Adelaide rose 19 per cent in the past 12 months, with the median price at $595,000.
asserted
prices → lag → 595,000
A report from Proptrack earlier this year outlined how regional SA house prices had almost doubled in the past five years.
asserted
prices → outline → years
Naracoorte real estate agent Margot Shortt described the past year as "nothing short of crazy" with many people getting into the market thinking it would keep rising.
asserted
it → describe → market
While prices have continued to rise, Domain's data only runs to September 30; and two days earlier, the RBA lifted interest rates to a 15-year high.
asserted
RBA → continue → high
Ms Shortt said this, along with broader economic factors, meant calls and messages to the agency had "absolutely fallen off a cliff".
asserted
calls → say → cliff
"We have seen probably a 99 per cent decline in enquiries."
asserted
We → see → enquiries
She said it was hard to actually know if the local market was dropping given the lack of recent sales.
asserted
market → say → sales
We haven't really seen too many transactions transpire so we can't compare," she said.
asserted
she → see → ?
All capital cities down
The latest Domain property report showed Australia's housing market fell 4.7 per cent, the steepest quarterly drop on record.
asserted
market → show → record
Every capital city has seen the median house price head south for the first time in 15 years.
asserted
price → see → years
Adelaide University housing economist Chris Leishman said Sydney and Melbourne were generally the first to witness shifts and Adelaide was "always a fairly slower responder".
asserted
Adelaide → say → shifts
He said you would expect regional SA to be the last housing market still growing as the rest of the country started to plateau or drop.
asserted
rest → say → country
the regional areas tend to perform strongly later in the cycle," he said.
asserted
he → tend → cycle
Professor Leishman said Australia is at the tail end of one of the longest and most pronounced housing booms ever seen.
asserted
Australia → say → booms
Across Australia, he failed to see strong growth over the next couple of years and believed there "has to be a correction".
asserted
he → fail → years
"Markets tend not to crash though, particularly in Australia,"he said.
asserted
Markets → tend → Australia,"he
He expected six to 12 months of prices going down further, before starting to rise again in the long term.
asserted
He → expect → term
The Aporia
