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Why Australia’s property market could crash – MacroBusiness
AMP chief economist, Shane Oliver, has updated his forecasts for Australia’s property market, predicting peak-to-trough falls of 10% to 15% nationally, led by Melbourne where prices will crash between 15% and 20%: Further falls in home prices are likely. High…
AMP chief economist, Shane Oliver, has updated his forecasts for Australia’s property market, predicting peak-to-trough falls of 10% to 15% nationally, led by Melbourne where prices will crash between 15% and 20%:
Further falls in home prices are likely. High and still rising unemployment (with true unemployment absent government support measures estimated to be just above 11%), the collapse in immigration which has reduced underlying dwelling demand by around 80,000 dwellings a year (see the n…
