What’s next for Australian property prices?

Economic experts are at loggerheads over the Australian property market’s health and outlook, with UBS arguing a 35 per cent slump in the mortgage borrowing power of Australians, and steep house price falls, is possible.

Meanwhile, AMP chief economist Shane Oliver expects another 5 per cent fall this year alone, but no house-price crash, and ANZ economists argue the worst is behind the property market and prices will rise this year and next.