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Australian housing price falls accelerate dramatically

As falling housing prices continue to spread to a greater number of markets across the country, now encompassing 93% of suburbs, forecasts for the magnitude of the eventual peak-to-trough fall continue to be revised larger. According to the latest forecasts from the Commonwealth Bank, they now expect national price falls of 9% from the recent The post Australian housing price falls accelerate…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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