SMH
·general
·1 hour ago
Melbourne’s falling house prices threaten to blow billion-dollar hole in state budget
Melbourne's falling house prices threaten Victoria's budget as Premier Jacinta Allan faces scrutiny over a $4 billion spending spree. Economists predict prices could drop 1 to 4 percent this year, impacting property tax revenue, which is crucial for the state's finances. Analysts warn this downturn could lead to a loss of up to $1.8 billion by 2028-29.
Summary by Glance · SMH
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