Australian housing is experiencing a significant decline. Experts predict a possible 15 per cent drop in prices. This represents the most significant drop in housing prices since the 1980s. National home are down $34 billion from their peak. A further 10 per cent fall is possible. Housing affordability is now at a record low, putting more pressure on buyers.

Some projects are still moving ahead. A veterans housing project in Coffs Harbour is making progress. While a Japanese firm is supporting a new housing initiative. In Sydney, plans for high-rise towers in the eastern suburbs are causing local fights over housing density.