Sydney and Melbourne could fall up to 40 percent in the next year

In the last 10 years, many first-time buyers were able to take the houses of their dreams with the help of generous mortgage loans from their banks.

Australians who lead a luxurious lifestyle beyond their means could soon find themselves in the red, as house prices plummet by 40 to 45 percent.

The decline in the property boom that dominated the market over the past decade: housing prices in Sydney and Melbourne will decrease as banks improve their credit restrictions and end low-interest loans.

In the last 10 years, many first-time buyers were able to take the houses of their dreams with the help of generous mortgage loans from their banks.

Now, bright-eyed investors who bought properties outside of their financial means have triggered the housing market crash.

In the last 10 years, many first-time buyers were able to take the houses of their dreams with the help of generous mortgage loans from their banks.

In the last 10 years, many first-time buyers were able to take the houses of their dreams with the help of generous mortgage loans from their banks.

An investor blames a generation of users of & # 39; IPhone & # 39; for the disappearance of the property of the country.

"Because of the way the world operates, we hope to have everything now," said Mr. Bushy Martin at 60 Minutes.

"If you are getting a very basic lifestyle at the best time in the market and having to live only to cover the mortgage," he added.

It is expected that housing prices in Sydney and Melbourne will plummet to almost half of their previous price.

Experts have anticipated that a market of "40 to 45 percent" will fall after banks tighten their credit restrictions and end up with low interest loans.

Now, bright-eyed investors who bought property outside of their financial means have triggered the housing market's decline

Now, bright-eyed investors who bought property outside of their financial means have triggered the housing market's decline

Now, bright-eyed investors who bought property outside of their financial means have triggered the housing market's decline

Australia's economy is more dependent on home loans than anything else.

Data scientist Martin North said that Australians are addicted to debt and depend on the housing market.

A market analyst, Louis Christopher, said that housing prices are simply correcting after years of overpricing.

Some owners have been advised to leave while they can & # 39; and not sit on your property

Some owners have been advised to leave while they can & # 39; and not sit on your property

Some owners have been advised to leave while they can & # 39; and not sit on your property

Christopher said the properties in Sydney and Melbourne were overrated by 40 percent.

Some owners have been advised to leave while they can & # 39; and not sit on your property.

"Those who can not afford to sit down should sell effectively, go out while they can," said lead liquidator Jamieson Louttit.

"I think the banks are going to cover their own ass," he said.

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