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GgoogleAU first seen 9 h ago, last 3 h ago, peak #1

Australian house prices keep falling as crash fears grow

Original: housing crash

Australian house prices have now fallen for seven consecutive months, with interest rates denting buyer demand across the country. The Australian Financial Review reports falling prices could leave the Gold Coast with a glut of unsold homes, adding to concerns of a broader housing crash. Commentators are debating how deep the downturn will go and whether further rate pressure will accelerate price declines.

Why now: Seven straight months of price declines and warnings of unsold glut homes are fuelling talk of a housing crash in Australia.

Gold CoastAustralian Financial ReviewThe GuardianReserve Bank of Australia

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