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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

4 May 2017 (AFR) – Citi sees house prices falling as much as 7pc as housing boom unwinds

(4 May 2017, AFR, p41, by Nick Lenaghan)

‘House prices could fall as much as 7 per cent by 2018 as lending curbs bite and household debt is lowered, according to Citi. Hardest hit potentially would be apartments in inner-city Brisbane and Melbourne, which are more threatened by oversupply than other housing sectors. The forecast from Citi comes as the first signs of cooling in the housing market emerge with the latest figures showing prices in Sydney and Melbourne slowed in April.

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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