Morgan Stanley said that due to the risk of further interest rate hikes by the Reserve Bank of Australia and the slowdown in pre-sales, housing prices are falling, and the Australian housing market may experience turbulence this year. Morgan Stanley analyst Lauren Berry and others wrote in the research report that residential sales may weaken in the next 6 to 12 months.

Morgan Stanley said that due to the risk of further interest rate hikes by the Reserve Bank of Australia and the slowdown in pre-sales, housing prices are falling, and the Australian housing market may experience turbulence this year. Morgan Stanley analyst Lauren Berry and others wrote in the research report that residential sales may weaken in the next 6 to 12 months.