PHOTO: Australian Property Market
Property prices have fallen in Australia many times before – often in response to rising interest rates. This time is different — the cash rate is at a record low but house prices are dropping faster than they have since the global financial crisis — they may still fall further. Experts believe the years of easy credit for property investors are over. In part two of our housing special reporter Geoff Thompson and producer Alex McDonald investigate the impact of the credit squeeze on the market. For more from ABC News, click here: http://www.abc.net.au/news/
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