Economist says we're only halfway through housing downturn | ABC NEWS

The downturn in housing is steeper than expected, and one economist says we're only halfway through the decline. Johnathan McMenamin from Barrenjoey says it's higher interest rates and the market's expectations on how long they will remain elevated that is exacerbating the downturn. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-0... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel