$334k wiped from home values in ‘extreme but plausible’ prediction – Yahoo Finance Australia

Australian house prices could fall by 40 per cent in an extreme but plausible scenario, the Reserve Bank has stated in a paper discussing household debt. 
Such a fall would take the median national house price from $552,912 down $221,164 to $331,298.
And in Australias most expensive housing market, Sydney, that value loss would take the median price from $866,110 to $531,666 a loss of $334,444.  
However, the RBA said that while this is plausible, its unlikely that this situation will play ou…

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