‘In their stride’: Why property prices might not fall as far as feared

Property prices continue to fall but the pace of the correction has begun to ease. Photo: TND

Australia’s housing correction may not be as bad as feared as buyers take rising interest rates “in their stride”, a leading economist says.

CoreLogic figures published on Monday showed national average house prices fell for the third month in a row in September, down 1.4 per cent, with Sydney and Brisbane leading declines.