Australia’s housing market faces a tougher period ahead, with a major bank warning that the current property downturn may be only the beginning.

The bank has forecast that national home prices could fall by up to 8 per cent as market pressures continue.

Economists say rising interest rates, policy changes, and weaker buyer confidence are adding pressure to the property sector.

Sydney and Melbourne are among the markets showing significant declines, with concerns growing over further falls.

Experts warn that many potential buyers are delaying decisions as they wait for more stability in the housing market.

The latest forecast has raised fresh concerns for homeowners, investors, and Australia’s broader economic outlook.