ANZ revises property forecasts – 10% drops for Sydney and Melbourne
The bank says it now expects to see peak-to-trough price declines of around 10% in Sydney and Melbourne, with smaller declines elsewhere, after housing prices failed to stabilise in the first half of 2018. Check out the graph above. Only Canberr...
The bank says it now expects to see peak-to-trough price declines of around 10% in Sydney and Melbourne, with smaller declines elsewhere, after housing prices failed to stabilise in the first half of 2018. Check out the graph above. Only Canberra and Hobart escape most of the damage. The GFC taught us lower housing prices are bad news for village operators as customers withdraw from selling their homes at lower prices.
