Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Economy Australian home prices slide as Chinese money dries up December marks sharpest fall in 35 years, casting shadow on economy's resilience The housing market contraction poses a threat to Australia's 27-year streak of economic growth.
FUMI MATSUMOTO, Nikkei staff writer January 23, 2019 04:05 JST | Australia, New Zealand, Pacific Islands
SYDNEY -- Australia's housing prices staged the largest monthly drop in 35 years during December as a slowdown in Chinese investment helped push a cooling market into a deep freeze.
The market contraction could undermine Australia's economy, which has been on an upswing for 27 consecutive years.
Take your reading anywhere with offline reading functions Never miss a story with breaking news alerts Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapter
Free access for everyone - Sep. 30
Find out more
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.
Accept & Continue