Mark Bouris

Property experts in Australia are warning that house prices could drop by a further 10%. Mark Bouris, a well-known property figure and businessman, is among those sounding the alarm, telling homeowners and buyers to brace for continued declines as higher interest rates and affordability pressures weigh on the market.

Australian property expert Mark Bouris has set out why households are feeling financial pressure from multiple directions at once, with housing costs a central concern. Discussion around the comments points to rising mortgage repayments, rents and living expenses hitting owners and renters simultaneously, leaving many Australians feeling there is no easy escape from the squeeze.