Australian housing prices see biggest fall in 15 years

NEWS: Australia's housing market is in "new territory" after home values nationwide fell by their most in 15 years.

housing downturn in Australia.

Source: AAP

Australia's slumping housing market is in "new territory" after home values fell 6.5 per cent in 2018 and Sydney recorded its steepest drop in more than two decades.

Nicola Powell, senior research analyst for property classifieds site Domain, says that, while previous downturns have been driven by rising interest rate rises or economic changes, the current slump has been caused by restricted access to credit.

You can read the full article in English here.


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