Australian housing is experiencing a significant decline. Experts say prices could fall by up to 15 per cent. This represents the most significant drop in housing prices since the 1980s. National home values have lost $34 billion from their peak. A further a 10 per cent decrease in housing prices is anticipated. Housing affordability is now at a record low, putting more pressure on buyers.

Some projects are still moving ahead. A veterans housing project in Coffs Harbour is making progress. While a Japanese firm is backing a new housing project. In Sydney, plans for high-rise towers in the eastern suburbs are causing local fights over housing density.