Yet Another Bank Downgrades Property Price Expectations

You can tell that no one really knows what will happen to property prices in the months ahead, because as I reported yesterday none of the factors are in place to reverse the falls we have been seeing, and in fact the rate of declines are intensifying as property index companies try to catch up with reality. 0:00 Property market downturn0:59 Government and market outlook2:19 Bank forecasts and trends6:02 RBA communications analysis9:05 Economic hardship and stress Prices were already easing before the tax changes in the Labor budget along with higher interest rates and cost of living pressures from stubbornly high […]