Original article by Michael Roddan
The Australian – Page: 1 & 4 : 3-Jan-19
The national dwelling price fell by 4.8 per cent in 2018, according to data from CoreLogic, with prices in Sydney and Melbourne falling by 8.9 per cent and seven per cent respectively. Federal Treasurer Josh Frydenberg says the nation’s banks must continue to provide home buyers with access to credit, adding that Labor’s proposed negative gearing reforms would deepen the downturn in the housing market. Meanwhile, Shane Oliver of AMP Capital expects house prices in Sydney and Melbourne to fall by another 10 per cent in 2019.
CORELOGIC AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AMP CAPITAL INVESTORS LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, FINDER.COM.AU, BANKWEST, WESTPAC BANKING CORPORATION – ASX WBC, ST GEORGE BANK LIMITED, BANK OF MELBOURNE LIMITED, BANK OF SOUTH AUSTRALIA LIMITED