Is Australia now in the biggest property market correction in decades?

Is Australia now in the biggest property market correction in decades? | 7.30

For years, the property market has been one of the safest financial bets for both homeowners and investors.
But home prices in Sydney, Melbourne and Canberra are now lower than they were at the end of last year.
Three interest rate rises, uncertainty about the economic outlook, and last month's budget changes to negative gearing and capital gains tax have the market on edge.
Some experts are predicting prices will keep falling for the rest of this year.
John Symond was an original disruptor of the mortgage industry as the founder of Aussie Home Loans. He spoke to David Speers.
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