Australian housing is on the brink of a sharp downturn. Experts say prices could fall by up to 15 per cent. This represents the most significant drop in housing prices since the 1980s. National home are down $34 billion from their peak. A further 10 per cent fall is possible. Housing affordability is now at a record low, putting more pressure on buyers.

Some projects are still moving ahead. A veterans housing project in Coffs Harbour is advancing. While a Japanese firm is backing a new housing project. In Sydney, plans for high-rise towers in the eastern suburbs are sparking debates over housing density.