Australia's Housing Slump Deepens: CBA Warns of 13% Peak-to-Trough Falls as RBA Hike Looms

Australia's housing downturn is no longer a soft landing — it's a full-blown slide. Cotality data shows national dwelling values fell for a fifth consecutive month in August, down 0.9% to sit 3.6% below their March peak. The typical capital city home has slipped back below $1 million to $990,394, after briefly breaching that milestone last October. The Commonwealth Bank, the nation's biggest lender, has slashed its forecasts and now expects Sydney prices to fall...