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ANZ forecasts that Melbourne house prices will fall by 15%, as the pandemic hammers confidence – Business Insider Australia
Melbourne house prices are forecast to fall by 15 per cent, while Sydney prices could drop by 13 per cent from peak to trough before bottoming out in the second half of 2021, as the pandemic and related shutdowns weigh on confidence, ANZ says.
Melbourne house prices are forecast to fall by 15 per cent, while Sydney prices could drop by 13 per cent from peak to trough before bottoming out in the second half of 2021, as the pandemic and related shutdowns weigh on confidence, ANZ says.
At a national level, the bank has maintained its forecast for prices to fall by 10 per cent from peak to trough. But it now tips smaller house price drops in Hobart, Brisbane, Adelaide, Perth and Canberra.
Hobart house prices are set to fall by 9 per cen…
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