Original article by Valerina Changarathil
The Australian – Page: 3 : 23-Nov-21

The Commonwealth Bank expects seven per cent growth in house prices in Australia’s capital cities in 2022. However, head of Australian economics Gareth Aird says the nation’s residential property boom is nearing its end, and he forecasts that house prices will fall by 10 per cent in 2023. However, he notes that this will merely see house prices return to current levels. Prices in Sydney and Hobart are tipped to decline by 12 per cent, while the housing markets in Melbourne and Canberra are forecast to fall by around 10 per cent. The ANZ Bank recently forecast that house prices will fall by four per cent in 2023.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Nila Sweeney
The Australian Financial Review – Page: 31 : 26-Oct-21

Moody’s Investors Service expects a further decline in housing affordability in Sydney in the near-term. The ratings agency has warned that dwelling prices will need to rise by just 4.6 per cent for the Sydney market’s affordability to reach its highest level in 10 years. Moody’s also forecasts that housing affordability nationwide will reach its highest level in a decade if dwelling prices rise by 15 per cent. Shane Oliver of AMP Capital says the decline in housing affordability could eventually led to increased mortgage stress.

CORPORATES
MOODY’S INVESTORS SERVICE INCORPORATED, AMP CAPITAL INVESTORS LIMITED

Original article by Mackenzie Scott
The Australian – Page: 3 : 10-Jun-21

Data from Knight Frank’s Global House Price Index shows that dwelling prices in Australia increased by 8.7 per cent in the six months to March. The nation ranked fourth in terms of house price growth among the 56 countries and territories that were surveyed. Meanwhile, Australia ranked 18th on an annualised basis, with house price growth of 8.3 per cent over the 12 months to March. Michelle Ciesielski of Knight Frank says Australia’s housing market has been "particularly resilient" during the COVID-19 pandemic.

CORPORATES
KNIGHT FRANK