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As falling housing prices continue to spread to a greater number of markets across the country, now encompassing 93% of suburbs, forecasts for the magnitude of the eventual peak-to-trough fall continue to be revised larger.
According to the latest forecasts from the Commonwealth Bank, they now expect national price falls of 9% from the recent peaks and 10% at a five-capital-city aggregate level.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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