30 per cent drop forecast for Sydney and Melbourne, but Hobart outlook is strong: SQM Research
Sydney and Melbourne house prices could fall by as much as 30 per cent, while Hobart house prices could rise by 5 per cent, according to SQM Research Louis Christopher's Boom and Bust Report.
Australians think it's a good time to purchase property, despite thinking house prices will fall further, Westpac survey reveals
Westpac's monthly consumer sentiment survey reveals most Australians believe now is the best time to buy a house, despite thinking house prices will fall further still.
Housing finance figures released by the Australian Bureau of Statistics show the number of loans for housing has continued to decline over the last eight months, according to the Real Estate Institute of Australia (REIA).
The big institutional lenders need credit policies and blanket rules to manage their exposure, but anyone who’s bought a house knows that you can’t apply a blanket rule to a postcode.