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The housing downturn – what’s it mean for you and the economy?
The housing market has peaked with prices no longer growing. At the same time, auction clearance rates are lower and a solid pipeline of new supply – particularly apartments – will soon flood the market in a number of cities and regions. The big question for business and individuals - how severe will the downturn be and what does it mean for the economy?
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Australia's Housing Market Wall
The housing market has hit the wall. After years of unrelenting strength, house prices are dropping. Not by much, at…
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It's a bumpy ride ahead...
It's a bumpy ride ahead, says noted Australian economist Saul Eslake, but perhaps not as bad as it could be.
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