Original article by Nila Sweeney
The Australian Financial Review – Page: 33 : 28-Oct-22

ME Bank now expects dwelling prices across Australia’s capital cities to fall by a larger margin than it had forecast in June. House prices in most capital cities have fallen sharply since the Reserve Bank started tightening monetary policy in May. ME Bank’s chief economist Peter Munckton says Brisbane house prices in particular have fallen more quickly than expected in recent months. ME Bank expects house prices in the Queensland capital to fall by 15 per cent from peak to trough, compared with its June forecast of an eight per cent decline.

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ME BANK, RESERVE BANK OF AUSTRALIA