Business
House prices expected to rebound in July 2021 – except in Melbourne – Yahoo Finance Australia
Here’s how far the property market will fall, and when it will rise again.
Economists from the Commonwealth Bank of Australia are feeling more positive about Australias property market and are now predicting a solid recovery in the second half of 2021.
Former CBA forecasts from April predicted house prices would fall 10 per cent. In May, CBA predicted falls of 32 per cent across three years.
But these figures have been revised upwards in light of the modest fall in home values so far despite the extraordinary negative economic shock.
According to CBA head of Austral…
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