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Australia: Housing market will continue to soften in next year amid weak sentiment: ANZ

Posted on 26 October 2011

Weak sentiment will cause house prices to continue to drift sideways to lower over the coming six to 12 months, according to ANZ, which envisages a rebound in economic growth in 2012 and 2013 to limit the price fallout.

Housing market sentiment continued to soften and prices drifted lower in most capital cities, according to the latest ANZ housing report. Declining auction clearance rates and rising days on market reflected a mis-match between buyer and vendor expectations………………………………………..Full Article: Source


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