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Warning house prices will keep sliding for another year
HOMES are forecast to keep getting cheaper for about a year. Property prices are tipped to fall between eight and 11 per cent from their March peak and will only start to recover by September 2027, a survey of 384 real estate experts has found. That means dwelling prices are only about halfway through a tailspin that has wiped away 5.2 per cent of their value since March, according to property data firm Cotality. For Sydney and Melbourne, an 11 per cent dip would pull property prices down to levels not seen since as early as February 2021. Australia scored 4.3 out of 10 on the Aus
