As the housing market slows, there are three things not to do

Property tax changes are cooling Australia's housing market, with home auction clearance rates falling to 53 percent from 65 percent year-over-year. Researchers predict Sydney and Melbourne prices could drop 9 percent this year, though most economists expect slower growth rather than declines. Experts caution against panic, noting temporary factors like interest rates and weather are driving the slowdown.

Summary by Glance · The Age