Budget takes $2b hit from property price fall as young home buyers struggle
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Source: The Age
Published: 2026-05-06 05:00 UTC+10:00
Section: Politics / Victoria
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Australia, Economy & Finance, Financial Markets, Tax & Budget, Property & Housing, Business & Economy
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Snippet:
Declining Melbourne house prices and a broader property downturn are set to strip nearly $2 billion from the state budget over the next three years, even as the Treasurer bets on a swift market recovery.
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