Topic: Housing market 'summer of misery' tipped
The housing market is "horrible" and as an economic barometer points to a "summer of misery", with the Reserve Bank likely to keep the official cash rate on hold till the middle of next year, according to an independent economist.
House prices were down by almost 1 per cent in the past month and 3.5 per cent for the year, according to Real Estate Institute price index figures.