{"id":15720,"date":"2018-12-11T16:58:28","date_gmt":"2018-12-11T03:58:28","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=15720"},"modified":"2018-12-11T16:58:35","modified_gmt":"2018-12-11T03:58:35","slug":"watch-the-spillover-housing-downturns-ripples-already-being-felt","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/watch-the-spillover-housing-downturns-ripples-already-being-felt\/","title":{"rendered":"Watch the &#8216;spillover&#8217;: housing downturn&#8217;s ripples already being felt"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:\u00a0About $9 billion has been wiped off the market values of Australia&#8217;s largest building materials companies in the past six months.\u00a0<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Australia&#8217;s house price slump has sent a chill through a swathe of the economy and threatens to inflict more damage if it prompts already cautious consumers to further cut down on spending.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the prospect of the biggest fall in Sydney house prices since the\u00a01990s, more than $9 billion has been wiped off the combined market values of seven of the country&#8217;s largest building suppliers since June (from about $39 billion to $30 billion).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.smh.com.au\/business\/companies\/watch-the-spillover-housing-downturn-s-ripples-already-being-felt-20181205-p50kg6.html\">SMH<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-property-news-australia\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"xwBRlo26QA\"><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/blockquote><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=dikiF8dbx2#?secret=xwBRlo26QA\" data-secret=\"xwBRlo26QA\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO:\u00a0About $9 billion has been wiped off the market values<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/watch-the-spillover-housing-downturns-ripples-already-being-felt\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":38,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478099464,478098535,478098513,478102644,478100165,478098511,478098536],"class_list":["entry","author-data123nz","post-15720","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australian-property","tag-house-prices","tag-property","tag-property-cycle","tag-property-values","tag-real-estate","tag-sydney"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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