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Housing correction is smashing Bunnings, JB Hi-Fi. The pain will grow

The Australian Financial Review (AFR) •
October 29, 2026 • 04:00 AM
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The pain in Australia’s retail sector has started with those companies closest to the house price slump. But the pain will spread from there.

Housing correction is smashing Bunnings, JB Hi-Fi. The pain will grow

Craig Woolford, MST Marquee’s veteran retail analyst, has a simple rule: furniture goes first.

Whenever the Australian economy starts to slow, the pain quickly shows up in the housing market – prices tumble, auction clearances tank and transaction volumes plunge.

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