{"id":16114,"date":"2019-01-07T09:44:08","date_gmt":"2019-01-06T20:44:08","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=16114"},"modified":"2019-01-07T09:44:08","modified_gmt":"2019-01-06T20:44:08","slug":"big-myths-about-the-housing-downturn","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/big-myths-about-the-housing-downturn\/","title":{"rendered":"Big myths about the housing downturn"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Tighter bank lending is not the cause of housing price falls says one expert. Picture: Mick Tsikas\/AAP<span class=\"image-source\"><em>Source: AAP<\/em><\/span><\/strong><\/p>\n<p class=\"description\">One year makes all the difference when it comes to turning a housing boom into a housing slide.<\/p>\n<div class=\"story-content\">\n<p>CoreLogic data showed prices ended the year down 6.1 per cent, and down 1.3 per cent in just December.<\/p>\n<p>If you go by all the hot air that\u2019s circulating, Sydney and Melbourne are the epicentre of the whack to prices, with prices down 8.9 per cent and 7.0 per cent for the year respectively.<\/p>\n<p>But it\u2019s not just Sydney and Melbourne that have been hit.<\/p>\n<p>READ MORE VIA<a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/buying\/big-myths-about-the-housing-downturn\/news-story\/295913b8495f01c8a4128526e7dea8b4\"> NEWS.COM.AU<\/a><\/p>\n<\/div>\n<p><a class=\"twitter-timeline\" data-width=\"1200\" data-height=\"1000\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/propertynoisenz?ref_src=twsrc%5Etfw\">Tweets by propertynoisenz<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"eooHpHHHF6\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=tIj02eClgX#?secret=eooHpHHHF6\" data-secret=\"eooHpHHHF6\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>https:\/\/www.instagram.com\/p\/BsSCTfSFvYu\/<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Tighter bank lending is not the cause of housing<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/big-myths-about-the-housing-downturn\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":16115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478100297,478098562,478098542,478098519,478098535,478101874,478098779,478100749,478102983,478098522,478098537,478098543,478098556,478098513,478099125,478098579,478098510,478098616,478098514,478098511,478098533,478098509,478098536,478098618],"class_list":["entry","author-data123nz","post-16114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-corelogic-data","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-house-values","tag-housing-boom","tag-housing-downturn","tag-housing-slide","tag-interest-rates","tag-melbourne","tag-mortgages","tag-nsw","tag-property","tag-property-crash","tag-property-market","tag-property-news","tag-property-prices","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big myths about the housing downturn - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/big-myths-about-the-housing-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big myths about the housing downturn - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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