Business
House prices to ‘decline further’: PEXA – The Australian Financial Review
Early signs of a recovery in the most-populous state won’t prevent a further decline in home values and loans in the medium term, a new PEXA report says.
The report, based on PEXA’s 20,000 property transactions every week, marks the first time the company, created in 2013 out of the combined business of state land registries, has published data publicly.
The move comes as bankers try to assess the value of PEXA as it seeks to raise money and as private equity groups Carlyle and Pacific Equity Partners argue the merits of their $5.20-a-share indicative offer for Link Group, PEXA’s 44 per cent owner.
In a sign of subdued confidence of owners to put…
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