Original article by Larry Schlesinger
The Australian Financial Review – Page: 29 : 4-Jan-23

Data from CoreLogic shows that national dwelling values fell by 5.3 per cent in 2022, while combined capital cities dwelling values were down 6.9 per cent. Leading economists failed to predict the downturn in the housing market; the majority had forecast at the start of the year that there would be at least modest growth in house prices during 2022. Westpac’s Bill Evans had forecast eight per cent growth, while the Commonwealth Bank had anticipated seven per cent growth. National Australia Bank’s chief economist Alan Oster had forecast that house prices would end the year flat.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD,WESTPAC BANKING CORPORATION – ASX WBC,COMMONWEALTH BANK OF AUSTRALIA – ASX CBA,NATIONAL AUSTRALIA BANK LIMITED – ASX NAB