House prices keep dropping – and there’s no end in sight

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Prices will continue to fall, unless the Reserve Bank gets involved and cuts rates soon

  • Greg Jericho
  • The Guardian

Τhe latest residential housing prices figures confirm what buyers and sellers have known for some time: the drop in housing prices is continuing without any real sign of a bottom being reached.

This fall, as with the housing boom, is most pronounced in Sydney and Melbourne. This has seen an improvement in housing affordability but it remains above the pre-boom levels.

In the December quarter last year the…

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