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

23 Nov 2018 (AFR) – ANZ doubles down on housing downturn: prices to fall 20pc

(23 November 2018, AFR, p35, by Nick Lenaghan)

Total housing prices (ANZ, AFR)

Total housing prices (ANZ, AFR)

‘Housing prices could fall as much as 20 per cent across Sydney and Melbourne before the downturn is over, according to a revised forecast from ANZ. ANZ’s economists are the latest to downgrade their predictions amid worsening signals from the housing market and the chilling effect of credit tightening.’

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

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