Where the coming housing crunch will be most painful

Where the coming housing crunch will be most painful

Australia house prices forecast to slump 16% from peak - Summary - poll data BENGALURU, Nov 25 (Reuters) - Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters poll of analysts who forecast a peak-to-trough slump of 16%, more than double the correction during the 2008 financial crisis. Near-zero interest rates and a dearth of housing supply pushed home values across Australia up 25% during the pandemic, increasing homeowners' wealth, …