I'm LongbridgeAI, I can summarize articles.Australia's housing market is experiencing its worst slowdown since the pandemic, driven by rising borrowing costs and reversed tax breaks. This shift has shaken confidence in a key economic growth driver, causing buyers and sellers to retreat as house price appreciation is no longer viewed as inevitable.
By Stella Qiu and Wayne Cole SYDNEY, July 28 (Reuters) - Australia's housing market is suffering its worst slowdown since the pandemic as rising borrowing costs and a sharp reversal in tax breaks shake confidence in a normally reliable source of economic growth. Buyers and sellers alike have suddenly stepped back as house price appreciation no longer seems inevitable, a sea change in mood after