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The median value of Australian property has fallen 2 percent since early May, to $747,800—a figure that includes homes and apartments, according to the latest housing data. CoreLogic research director Tim Lawless says Australian housing market conditions are likely to worsen as interest rates tick higher throughout the rest of the year. Here’s a breakdown of the states from Australia’s latest housing figures. Sydney: house prices are falling Average change: 2.2 percent drop in July Sydney house median value: $1,346,193 Average unit value: $806.310 Five of the eight capital cities saw month-on-month declines in July, led by Sydney occupancy values ​​which saw a 2.2 percent decline. “Although the housing market is only three months into a downturn, the national Home Value Index shows that the rate of decline is comparable to the start of the global financial crisis (GFC) in 2008, and the sharp decline in the early 1980s,” Mr Lawless said. “In Sydney, where the decline was very rapid, we

Klarna was ranked as the fifth largest unicorn in the world in early June by research firm TradingPedia. But the sixth on the list is a homegrown hero: design software platform Canva, whose soaring valuations have delivered remarkable results for Australia’s venture capital sector in recent years. Canva was valued at $40 billion last September after a slight capital increase, and as tech stocks have plummeted in the last nine months, there’s a lot of debate about where that valuation will take today. Franklin Templeton, who invested in Canva in late 2021, continues to cut the value of his stake in the business. The company’s Growth Opportunity Fund paid $20.2 million for its shares last December, but has cut that valuation repeatedly this year. The latest filings show the stock was worth $7.4 million as of May 31, down 63.4 percent from its entry price. To be clear, this is just one investor’s view of Canva’s valuation and several others are less bearish. It’s also important to not