Business
Price crash still a risk as mortgage holidays end for tens of thousands of home owners – The Age
Victorian property prices are at risk of a double-digit property price crash as the city’s home owners continue to take loan deferrals with major banks, despite…
At the height of uncertainty in May about the effects of coronavirus on unemployment the nation’s biggest lender tipped 11 per cent property price falls by March 2023 nationally as a “base case” scenario and up to 32 per cent in a prolonged downturn. At the time National Australia Bank expected an 11 per cent drop in 2021 and, in a severe scenario, falls of about 30 per cent over two years.
CBA senior economist Gareth Aird upgraded his outlook in September, forecasting Sydney house prices experiencing…
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