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More House Price Falls on Cards as Rates Squeeze Buyers
Economists say tighter borrowing limits and tax changes could push the downturn deeper, with Cotality reporting national dwelling values already down 3.1%.
Summary by PerthNow
4 Articles
4 Articles
7NEWS AustraliaReposted by 
The West Australian
The West AustralianFears as Australia faces worst housing downturn in 70 years
Australia faces the worst housing downturn in 70 years as the likelihood of the fourth interest rate hike this year diminishes the borrowing capacity of prospective borrowers, a leading housing economist says.
·Australia
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A new model from ANZ Bank shows that the current housing market downturn in Australia could be the largest in decades. If this prediction comes true, the average household with property could lose about AU$120,000 in wealth over the next year.
·New York, United States
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Total News Sources4
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
Factuality
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