Could the property freakout tip us into recession?

Three months after the budget that blew up the property sector, Anthony Albanese’s claiming triumph for first homebuyers - but if that’s the case, why are new mortgage applications crashing and auctions falling silent? And what about fresh predictions of 14.5 per cent price slumps crushing confidence so hard we end up in recession? We've brought our property writer Mackenzie Scott in to make it all make sense.  Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel. Anthony Albanese’s housing fix offers little hope for struggling first-home buyers Perth and Brisbane property prices tumble as housing market enters ‘perfect storm’ Banks set to slash home loan rates in looming mortgage war Property bosses warn the worst is yet to come for tenants Albanese’s housing targets in doubt as new home construction faces slump This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Joshua Burton. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Jasper Leak, who also composed our music. See omnystudio.com/listener for privacy information.