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Falling turnover, not prices, is the bigger housing crash

Most fanfare and concern have focused on the sharp decline in Australian dwelling values, which have fallen 6.8% from their April peak across the five major capital city markets. At the current rate of decline, home prices will have recorded their steepest decline in more than 40 years before Christmas, with HSBC forecasting a 13% The post Falling turnover, not prices, is the bigger housing crash…

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

Read the original at macrobusiness.com.au →

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