Residential property markets in Australia and the United Kingdom are currently seeing a drop in home values and buyer confidence. This trend is mainly caused by changes in government tax policies and general economic instability.

澳洲與英國的住宅房地產市場目前正出現房屋價值與買家信心的下降。這一趨勢主因於政府稅務政策的變更以及整體經濟的不穩定。

In Australia, changes to negative gearing and capital gains tax have caused a significant decrease in investor activity. This is especially clear in New South Wales, where low rental returns make investing less attractive. As a result, Sydney saw home values drop by 0.9% in May, and auction success rates have fallen to levels similar to the 2020 pandemic. Market analysts from Cotality and the Commonwealth Bank emphasized that while these tax reforms are less influential than interest rate hikes, they have made buyers more cautious. Consequently, many people are now afraid of overpaying, which has reduced bidding activity.

在澳洲，負扣稅（negative gearing）與資本利得稅的變動導致投資者活動顯著減少。這在新南威爾斯州尤為明顯，由於租金回報率低，使得投資吸引力下降。結果，悉尼 5 月份的房屋價值下跌了 0.9%，拍賣成功率已降至與 2020 年疫情期間相似的水平。來自 Cotality 與聯邦銀行（Commonwealth Bank）的市場分析師強調，雖然這些稅務改革的影響力不如利率上升，但已使買家變得更加謹慎。因此，許多人現在擔心出價過高，導致競標活動減少。

Similar trends are happening in the United Kingdom, where the average house price fell by 0.1% in May to £298,806. According to Halifax, this situation is made worse by political instability in the Middle East and high inflation, which keep borrowing costs high and make homes less affordable. Although there was a small annual increase of 0.5%, there is a clear gap between sellers who want high prices and buyers who must save money. Some experts assert that this stability might help first-time buyers by stopping prices from rising further, whereas others note that consumer confidence is still very low.

英國也出現了類似趨勢，5 月份平均屋價下跌 0.1% 至 298,806 英鎊。根據 Halifax 的數據，中東地區的政治不穩定和高通膨使情況惡化，導致借貸成本維持高位，降低了房屋的可負擔性。儘管年度微幅增長 0.5%，但希望高價出售的賣家與必須省錢的買家之間存在明顯差距。部分專家主張，這種穩定狀態可能會透過阻止價格進一步上漲而對首購族有利，而另一些專家則指出消費者信心依然非常低迷。

Overall, the current market has given more power to the buyers. In both countries, there is less competition, which means buyers can negotiate prices more easily. Financial advisors emphasize that buyers should do thorough research and get loan pre-approvals to avoid risks. The general trend suggests that the market will remain flat or decline slightly until inflation stabilizes and mortgage costs decrease.

總體而言，目前的市場賦予了買家更多權力。在兩個國家中，競爭都減少了，這意味著買家可以更容易地協商價格。財務顧問強調，買家應進行徹底研究並取得貸款預核准以規避風險。一般趨勢表明，在通膨趨穩且抵押貸款成本降低之前，市場將維持平盤或輕微下跌。

The global housing market is currently correcting itself, and buyers are becoming more selective due to ongoing economic and political challenges.

全球房地產市場目前正在自我修正，由於持續的經濟與政治挑戰，買家變得更加挑剔。