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Australia is predicted to see the world’s biggest drop in property prices

Surely far enough away from the Brexit fiasco, reports on Australian property prices are predicting a jaw dropping decline in value.

Headlines on Finance Nine AU website state: “Australia to see world’s biggest drop in property prices, predictions say

A reported 11% slump in prices is quoted with Australian suburbs to be hardest hit.

Across the world many popular cities which have seen strong growth of real estate value in recent years are threatened with price falls – Citi Research state that 60 countries could be effected with double digit price slump in real estate with Australia expected to top the charts.

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