Original article by Thomas Henry, Noah Yim
The Australian – Page: 1 & 4 : 7-Jul-26

HSBC Australia’s chief economist Paul Bloxham says the bank’s central forecast is for house prices to fall by up to eight per cent nationally by the end of 2027, including 2-6 per cent next year. He adds that the pace of decline in June suggests that there is downside risk to HSBC’s central forecast, with Cotality’s home value index falling by 0.4 per cent nationally in June. Bloxham warns that official interest rate cuts are likely to be needed to deliver a housing market turnaround, but this is unlikely to occur in the next year. Meanwhile, Westpac’s senior economist Pat Bustamante says the major bank expects a further two interest rate rises in the current monetary policy cycle.

CORPORATES
HSBC AUSTRALIA HOLDINGS PTY LTD, COTALITY, WESTPAC BANKING CORPORATION – ASX WBC