Top economist warns Australia is heading for its biggest housing crash in 40 years

AI Summary

Australia's housing market is projected to face its most significant downturn in 40 years, as warned by former treasury economist Leith van Onselen. Rising interest rates are identified as a key factor contributing to this potential housing crash.

Former treasury economist Leith van Onselen has warned Australia's housing market is heading for its biggest correction in 40 years, with rising interest rates, ...