Will Australian House Prices Crash? five reasons why it's more complicated than you think!

Key points

• Talk of a property crash is likely to ramp up again with signs that the Sydney and Melbourne property markets are cooling. But the Australian property market is a lot more complicated than the crash calls suggest.

• We continue to expect a 5-10% downswing in Sydney and Melbourne property prices but a crash is unlikely and other capital cities will perform better.

• It remains a time for property investors to exercise caution and focus on laggard or higher-yielding markets.