Kathmandu. There are signs of an economic recession in Australia. The real estate business has decreased, while the loan to income ratio has increased by 187.2 percent, increasing the risk.

For the first time since the economic recession of 1991, Australia has returned to the same situation. In Australia, the main reasons for the economic crisis are the increase in interest rates, higher debt than income and inflation. Of which the most impact has been seen in Sydney.

In the last three months, house prices in this city have decreased by 5 percent. At the national level, this decline is 2 percent. As the Reserve Bank has increased interest rates for the second time in two weeks, this decline is likely to continue in the coming months.