Original article by Michael Bleby
The Australian Financial Review – Page: 30 : 17-Sep-18

Stockland CEO Mark Steinert has forecast that house prices in Sydney and Melbourne will fall by around five per cent over the next 12 months. However, the expected decline is likely to be primarily restricted to the higher end of the detached housing market, a view shared by Mirvac CEO Susan Lloyd-Hurwitz. Data from CoreLogic shows that the prices of detached houses in Sydney fell by 7.1 per cent in the year to August, compared with a 2.7 per cent decline in Melbourne.

CORPORATES
STOCKLAND – ASX SGP, MIRVAC GROUP – ASX MGR, CORELOGIC AUSTRALIA PTY LTD, GPT GROUP – ASX GPT, CBUS PROPERTY PTY LTD, VICINITY CENTRES – ASX VCX, PROPERTY COUNCIL OF AUSTRALIA LIMITED, BIS OXFORD ECONOMICS PTY LTD