The bank’s chief economist said adjusting to the new rules would “probably take the better part of a year”, and the market was “a third of the way through”.

The bank’s chief economist said adjusting to the new rules would “probably take the better part of a year”, and the market was “a third of the way through”.

House prices are turning down across the country. A prominent economist warns they could keep falling until the RBA puts rate cuts on the agenda.