Key groups herald continued slump in home prices
HOUSE prices are likely to continue to fall in the coming months, Australia’s largest residential and commercial property listings site says. REA Group’s outlook is similar to the nation’s biggest home loan lender, Commonwealth Bank. CBA chief executive Matt Comyn said this week he doesn’t expect the housing market to bottom out until well into 2027. CommBank economists continue to predict house prices to fall by nine per cent in this downturn, driven by four interest rate rises this year, and after the federal government tightened tax benefits around negative