Leading researcher pours cold water over link between property prices and the economy

Original article by
abc.net.au – Page: Online : 12-Dec-18

Australian house prices have fallen 9.5 per cent from their peak in July 2017, and some economists have forecast a peak-to-trough decline of up to 15 per cent. Roy Morgan CEO Michele Levine discusses the outlook for residential property prices on Radio National. She says the recent downturn in house prices is primarily due to stricter lending criteria rather than a decline in demand for housing. Levine also discusses issues such as mortgage stress and whether a fall in house prices has an impact on consumer confidence.


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