{"id":18405,"date":"2019-04-27T10:52:34","date_gmt":"2019-04-26T22:52:34","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=18405"},"modified":"2019-04-27T10:52:34","modified_gmt":"2019-04-26T22:52:34","slug":"house-prices-have-further-to-fall","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/","title":{"rendered":"House prices have further to fall"},"content":{"rendered":"

 <\/p>\n

PHOTO: Australian house prices<\/strong><\/p>\n

A sharp fall in house prices should not\u00a0 trouble mortgage bond investors but further price declines in Sydney and Melbourne are likely, according to securitisation analysts that have tracked house prices relative to the earnings of full-time workers.<\/p>\n

The analysis prepared by National Australia Bank’s corporate finance staff for clients showed that while nationwide house prices were in line with average multiples of full-time earnings, Sydney and Melbourne prices would need to fall further to correct to what is considered an average level.<\/p>\n

“With price-earnings multiples in the major Sydney and Melbourne markets still above their 10-year averages and comfortably above their bottom 25 per cent quartile levels, further declines should probably be expected,” National Australia Bank director Ken Hanton said in a note to clients.<\/p>\n

READ MORE VIA AFR<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO: Australian house prices A sharp fall in houseRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":18406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478100564,478098521,478098542,478098519,478098522,478098537,478098543,478098713,478098556,478101743,478099125,478098873,478098579,478098510,478098616,478098514,478098575,478098509,478098536,478100917,478098618],"class_list":["entry","author-data123nz","post-18405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-house-prices","tag-australians","tag-home-loans","tag-home-ownership","tag-interest-rates","tag-melbourne","tag-mortgages","tag-national-australia-bank","tag-nsw","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-property-prices","tag-propertynoise","tag-queensland","tag-real-estate-news","tag-sydney","tag-sydney-and-melbourne","tag-sydney-property"],"yoast_head":"\nHouse prices have further to fall - 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\/house-prices-have-further-to-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House prices have further to fall - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"  PHOTO: Australian house prices A sharp fall in houseRead More →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-26T22:52:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/04\/2230123_1556166958588.jpg?fit=1600%2C1067&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"House prices have further to fall\",\"datePublished\":\"2019-04-26T22:52:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/\"},\"wordCount\":141,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/2230123_1556166958588.jpg\",\"keywords\":[\"australia\",\"Australian house prices\",\"Australians\",\"home loans\",\"Home ownership\",\"interest rates\",\"Melbourne\",\"mortgages\",\"National Australia Bank\",\"NSW\",\"property correction\",\"property crash\",\"property investment\",\"property market\",\"Property News\",\"property prices\",\"propertynoise\",\"Queensland\",\"Real Estate News\",\"Sydney\",\"Sydney and\u00a0Melbourne\",\"Sydney property\"],\"articleSection\":[\"Australian Property & Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/\",\"name\":\"House prices have further to fall - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/2230123_1556166958588.jpg\",\"datePublished\":\"2019-04-26T22:52:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/2230123_1556166958588.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/2230123_1556166958588.jpg\",\"width\":1600,\"height\":1067,\"caption\":\"Australian house prices\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/house-prices-have-further-to-fall\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"House prices have further to fall\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"House prices have further to fall - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/","og_locale":"en_US","og_type":"article","og_title":"House prices have further to fall - Property News Australia","og_description":"  PHOTO: Australian house prices A sharp fall in houseRead More →","og_url":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2019-04-26T22:52:34+00:00","og_image":[{"width":1600,"height":1067,"url":"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/04\/2230123_1556166958588.jpg?fit=1600%2C1067&ssl=1","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"House prices have further to fall","datePublished":"2019-04-26T22:52:34+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/"},"wordCount":141,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/2230123_1556166958588.jpg","keywords":["australia","Australian house prices","Australians","home loans","Home ownership","interest rates","Melbourne","mortgages","National Australia Bank","NSW","property correction","property crash","property investment","property market","Property News","property prices","propertynoise","Queensland","Real Estate News","Sydney","Sydney and\u00a0Melbourne","Sydney property"],"articleSection":["Australian Property & Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/","url":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/","name":"House prices have further to fall - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/2230123_1556166958588.jpg","datePublished":"2019-04-26T22:52:34+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/2230123_1556166958588.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/2230123_1556166958588.jpg","width":1600,"height":1067,"caption":"Australian house prices"},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/house-prices-have-further-to-fall\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"House prices have further to fall"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/18405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=18405"}],"version-history":[{"count":1,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/18405\/revisions"}],"predecessor-version":[{"id":18407,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/18405\/revisions\/18407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/18406"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=18405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=18405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=18405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}