Housing faces year of downturn

Original article by Turi Condon
The Australian – Page: 17 : 25-Jan-19

National Australia Bank now expects dwelling prices in Sydney and Melbourne to fall by 15 per cent from peak to trough. NAB’s latest survey of property industry professionals shows that respondents generally expect New South Wales and Victoria to incur the biggest fall in housing prices over the next several years, although prices are also tipped to fall or remain flat outside of the two largest capitals. NAB’s separate survey of consumers shows that they are more upbeat about the outlook for the housing market than property professionals.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, CREDIT SUISSE (AUSTRALIA) LIMITED, CORELOGIC AUSTRALIA PTY LTD, AMP CAPITAL INVESTORS LIMITED

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