Interest rates driving steep housing downturn: economist | ABC NEWS
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The downturn in housing is steeper than expected, and one economist says we're only halfway through the decline. Johnathan McMenamin from Barrenjoey says it's higher interest rates and the market's expectations on how long they will remain elevated that is exacerbating the downturn. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-01/australian-house-prices-fall-for-sixth-straight-month/107206782 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel
Tags: Australia, abc, abc news, news, house prices, housing market, housing market trends, Home Value, house, RBA, interest rates, costs of living, cost of living, housing downturn, cotality, barenjoey, real estate, property prices, housing bubble, housing crash
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