Is the era of surging house prices over?

House prices have begun to fall, with Sydney and Melbourne leading the downward trend. So, will they bounce back or could it be, as some forecasts suggest, the start of a new cycle where house prices remain stagnant for decades. Today, business editor Michael Janda on why this could be the correction young Australians have been waiting for. Michael was also on Monday’s episode of ABC Business Daily with Carrington Clarke, discussing the latest house price data. Listen here: Why property is flatlining Featured: Michael Janda, ABC Business Editor