Business
CBA Dials Back Price Fall Prediction – The Urban Developer
Australia’s largest lender Commonwealth Bank has upgraded its home price targets for the next six months.
CBA said it now expected a sharp turnaround by December next year, with prices in Sydney to rise by 2.9 per cent, while Melbourne is set to slide by 0.7 per cent annually.
In Brisbane, prices are forecast to lift by 1.6 per cent, Adelaide by 1.4 per cent and Perth by 1.9 per cent.
Canberra, where prices have been holding firm, insulated by the high proportion of government workers, is expected to outperform, with prices predicted to jump 3.1 per cent, followed by Hobart, lifting by 2.3 per ce…
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