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

AI Summary

An economist has warned that Australia's housing market could face its most significant correction in 40 years due to rising interest rates and other economic pressures. This warning raises concerns about potential impacts on the real estate sector.

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, ...