Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 29 : 17-Jul-19
The ANZ Bank’s quarterly housing report is upbeat about the outlook for the residential property market. The bank expects the housing market downturn to reach bottom in the next few months, with a modest rebound toward the end of the year. ANZ forecasts house price growth of 3-4 per cent in Sydney during 2020, with prices in Melbourne to increase by four per cent. The bank had not expected any house price growth in 2019 as recently as May.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BIS OXFORD ECONOMICS PTY LTD