Australian house prices slump, with Sydney recording steepest drop in a decade | Sky News Australia

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Economists say the drop is due to the restricted access to credit with banks being forced to tighten lending standards and slow loan applications.

Source: Loan Digest (loandigest.net)

 

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In a market with very high transaction costs if prices are falling and you only have one swing at it then you are going to not buy until you think the market has bottomed.

So it’s where it should be.

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