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Experts warn Australia's property market slump will further decline | Sky News AustraliaExperts warn the housing market will not rebound until 2020, with indications it will further decline before picking up again. \n\nEconomists are predicting markets will continue to fall, anywhere between 20 to 25 per cent before the Australian property market builds strength. \n\nInternational investment giant Credit Suisse has forecast a 25 per cent peak to trough fall in the Sydney market. \n\n\nImage: News Corp Australia\n\n\n\n\n\n Great news! Quite easy to believe. Feb and we’ve already seen Sydney come off 15%. Highest house hold debit in the world, some of the dearest houses in the world, zero wages growth, Chinese demand has dried up. What took Sydney and Melbourne house values to these levels anyway? overvalued
Source: SkyNewsAust - 🏆 7. / 78 Read more »