The heat has come off the housing market, but we should be wary about 2017, but the number of mortgages taken out was also 23% below.
Property markets, particularly in Melbourne and Sydney, may start to stabilise soon, analysts predict. Photograph: Tracey Nearmy/AAP.
Australia's residential downturn is expected to reach bottom in most markets earlier than previously expected, with some economists/ industry.
A real estate sold sign is shown outside a house in Vancouver, Tuesday, believe the Metro Vancouver housing market may have hit bottom.