Property price growth set to halve

Original article by Matthew Cranston, Michael Bleby
The Australian Financial Review – Page: 1 & 30 : 13-Jul-17

A new survey of property industry professionals shows that most expect a slowdown in residential property price growth in the next 12 months. The ANZ/Property Council of Australia index of house price growth expectations has fallen from 20.2 points to 4.3 points. The anticipated slowdown is particularly acute in Sydney, with house price growth expectations falling from 29.6 points to 1.7 points. The survey also shows that property professionals are bearish about the outlook for capital growth in the retail property sector.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PROPERTY COUNCIL OF AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, MOODY’S ANALYTICS AUSTRALIA PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, BIS SHRAPNEL PTY LTD, RAY WHITE GROUP, AVENTUS PROPERTY GROUP PTY LTD, QUINTESSENTIAL EQUITY PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

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