A drop in home loans taken out across the country has prompted more warnings of further falls in house prices | swrighteconomy
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New data reveals where house prices will fall over the next six monthsThe worst is still to come for the weakening Sydney and Melbourne property markets, with new data predicting tightened lending and the abolishment of negative gearing will drag prices down further.
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Australia to see world's worst 2019 house price fall: reportAustralia will see the world's biggest house price declines this year, according to one of the world's major credit ratings agencies, which declared homeowners would have to wait until 2020 to see any recovery.
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New home sales drop to their lowest level since 2012 | Sky News AustraliaNew home sales fell by 14.9 per cent in the final quarter of last year, dropping to their lowest level since 2012. \n\nHousing Industry Association Principal Economist Tim Reardon says the drop is a ‘correction in the market we have been anticipating’. \n\nMr Reardon says there was no way the market could sustain itself after operating at record highs for four years. \n\n\n\n\n
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Australia could suffer the biggest property price falls in the world this yearAustralian home prices are at risk of falling more than 10 per cent in 2019, the largest decline globally of all markets monitored by Citi Research.
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Growing fears RBA will have to cut rates to stop tumbling house pricesThe RBA could be cutting interest rates within months amid warnings house prices in Sydney could fall by more than 20%
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