Original article by Sarah Turner
The Australian Financial Review – Page: 1 & 2 : 3-Jul-18

The ANZ Bank predicted in March that Australian house prices would rise by two per cent over the course of 2018, but it now expects a decline of four per cent. The bank also expects house prices to fall by two per cent in 2019. National Australia Bank is also more pessimistic about the housing market than it was in March, while Paul Dale of Capital Economics notes that the banking royal commission has already seen banks tighten their lending standards. He says house prices could potentially fall by about five per cent in 2018-19.

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