RBA Holds Rates as Falling Prices Collide with Rising Affordability Barriers

ANZ has slashed its housing outlook, forecasting Sydney house prices could fall 14.5 per cent peak-to-trough and capital cities overall down 10.6 per cent — a steeper decline than just two months ago. Recovery isn't expected until 2028. The RBA's own Governor Michele Bullock delivered the grim verdict that prices have "further to fall," warning declining values will drag on consumer spending and construction — another blow to Labor's 1.2 million new homes target....