Australia

Australia faces the worst housing downturn in 70 years as the likelihood of the fourth interest rate hike this year diminishes the borrowing capacity of prospective borrowers, a leading housing economist says.

Fears as Australia faces worst housing downturn in 70 years

Australia faces the worst housing downturn in 70 years as the likelihood of the fourth interest rate hike this year diminishes the borrowing capacity of prospective borrowers, a leading housing economist says.

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