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1.Market Observations, 8.Was Sticky

12 July 2018 (AFR) – House prices now ‘set for sustained decline’ – Expectations on house prices and credit availability plummet

(12 July 2018, AFR, p31, by Matthew Cranston)

Property Council 12-mth ahead expectation, net balance (index) - HOUSE CAPITAL GROWTH (Property Council of Aust)

Property Council 12-mth ahead expectation, net balance (index) – HOUSE CAPITAL GROWTH (Property Council of Aust)

‘Confidence in house price growth and the availability of finance has plummeted with a tripling of the number of surveyed property professionals lowering their expectations in those two areas. The ANZ-Property Council of Australia survey, which covers just less than 1000 respondents from across the country, shows that the number of people who expect the availability of debt finance to worsen over the next 12 months has tripled.’

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

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