Will this property price downturn be different to the last?

 Australian property booms last more than three times longer than downswings on average and when prices fall they only lose a fraction of the gains made, new analysis shows.

But economists say that trend may have come to an end and the current property downturn could be the steepest and longest since the 1990s as the days of rock bottom rates are over and households are more indebted than ever before.

Domain analysis of almost three decades of data found that in previous property booms, house prices on average rose 32.7 per cent across the combined capital cities and the upswing on average lasted 33 months.

Read More: https://www.smh.com.au/property/news/will-this-property-price-downturn-be-different-to-the-last-20220822-p5bbtb.html



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