Home values on track for 'largest downfall in 40 years': Cotality

Summary

The speed of the Australian property downturn has reached a 40-year high, according to fresh data from property research firm Cotality. House prices across the country are on track to experience the biggest downfall in 40 years, with Brisbane and Perth leading the declines in capital cities. Cotality's head of research Gerard Burg says consecutive interest rate rises have sidelined more buyers but robust population growth and difficulty in adding new builds will limit the property slump. Subscribe: http://ab.co/1svxLVE Read more here…

Description from ABC News (Australia).