Property prices could slump by almost 15 per cent, major bank warns

🇦🇺 The Sydney Morning Herald (AU) —
Property prices could slump by almost 15 per cent, major bank warns

AI Summary

A major Australian bank forecasted a potential property price decline of nearly 15%, particularly impacting Sydney and Melbourne. This warning comes amid the Reserve Bank of Australia's August interest rate decision and signals stress in the housing market.

ANZ’s report, released on the morning of the RBA’s August interest rate decision, expects the biggest price hits to be in Sydney and Melbourne.

Markets Real Estate property prices Australia Sydney Melbourne housing market interest rates ANZ

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