Has the housing downturn already begun?

The housing market's momentum is dwindling, and a number of domestic and foreign developments lining up to hit property prices should concern investors and owner-occupiers alike.

Is it possible that while our attention drifted to Canberra for the budget, we missed the beginning of the housing downturn?

It’s fair to say that Canberra was the centre of the economic universe this week -- at least for Australians -- but there are a range of other developments worth keeping an eye on.

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