PHOTO:  Most capital cities have shown declines in annual growth rates since September quarter 2017

Those who have long, long argued Australian house prices are mental appear to be enjoying the correction.

Will the housing bubble go the way of all others?

The turn has been well documented. The Australian Bureau of Statistics put out a helpful infographic last month, showing some price declines in the eight capital cities in the first three months of the year, although Tasmania’s Hobart is still going strong.

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