PHOTO: Chris Jackson/Getty Images Found one!
- More people are searching property in Australia using Google. In prior housing downturns, that’s usually acted as a lead indicator for a turning point for prices.
- While, from a historical perspective, that suggests prices may soon stabilise, auction clearance rates still remain at levels that coincided with falling values in the past.
- ANZ Bank expects Australian home prices will fall 4% this year and 2% the next. It tips the declines in Sydney and Melbourne greater than the national average, forecasting a drop in prices of 10% from peak to trough.
READ MORE VIA BUSINESS INSIDER