Property price falls may be bigger than expected - Sydney Morning Herald

If the Reserve Bank of Australia keeps lifting official interest rates, the decline in housing values ‘will continue to gather steam and become more widespread’.

In Melbourne, house prices dropped 1.3 per cent in June after a modest 0.8 per cent decline in May. Before the latest official rate increase, some analysts were forecasting property price falls of b… [+2764 chars]

full article...