House prices will continue to drift lower over the next year, said ANZ Bank, as increased caution about borrowing takes its toll on home sales.

“Amongst a turbulent global economic environment, the national housing market continues to soften,” said ANZ economics in their latest Australian Housing Snapshot, released today.

“The housing market has also been hit with a behavioural shift towards increased household caution.” Continue reading ANZ predicts house prices to keep dropping →