Topic: Housing market: what 2012 holds in store
If 2011 was bad for the Australian housing market, next year could be worse with real estate bears such as Steve Keen predicting an accelerating slide in prices.
The University of Western Sydney professor expects home prices will fall between 5 and 10 per cent nationally in 2012, as households opt to pay off loans rather than pile on more debt in the hope of realising a capital gain.