Good news for home buyers, bad news for sellers! 🏡 Westpac has warned home prices in Sydney could take a big tumble, and certain factors could make them fall further. 📉 Get the details 👉
Westpac has warned real estate prices in Australia’s two biggest cities could fall by as much as 18 per cent by the end of 2023.
Conversely in Melbourne, Hassan expects prices to fall by 8 per cent this year and by 10 per cent in 2023. However that grim picture is not being replicated in South Australia and Western Australian where prices are rising. “Markets are now clearly hostage to the tightening cycle. Developments since May point to a more aggressive, front-loaded cycle with the cash rate now expected to rise a further 1.5ppts to 3.35 per centby Feb 2023.
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