Original article by Su-Lin Tan
The Australian Financial Review – Page: 29 : 8-May-18
SQM Research had forecast in October that Sydney house prices would rise by between four and eight per cent in 2018. However, it now predicts that house prices could fall by as much as four per cent. SQM now expects house prices in Melbourne to decline by up to three per cent in 2018, compared to its previous forecast for growth between seven and 12 per cent. SQM contends that Sydney’s housing market is overvalued by around 45 per cent.
SQM RESEARCH PTY LTD, CAPITAL ECONOMICS LIMITED