Original article by Richard Gluyas
The Australian – Page: Online : 4-Jun-19

Credit ratings agency Standard & Poor’s says factors such as the Coalition’s election win and a likely official interest rate cut in June will bolster the residential property market. However, the firm does not expect houses prices in Melbourne and Sydney to rebound for another 6-12 months, while George Tharenou of UBS forecasts that house prices will stabilise later in 2019. New data from CoreLogic shows that house prices fell by 0.4 per cent in May, and by 7.3 per cent year-on-year.

CORPORATES
STANDARD AND POOR’S FINANCIAL SERVICES LLC, UBS HOLDINGS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY