PHOTO: Source: CoreLogic Source: Supplied

WHAT happened to the housing market? House prices started falling, and all of a sudden the market has gone into hibernation.

Less buying is happening. Less selling is happening. Real estate agents must be sitting around, staring out the window and chewing their nails.

Despite huge population growth, property sales are at their lowest level in years, as this next graph shows. The black line has suddenly tipped downwards.

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