The ANZ Bank have tipped Australian house prices to drop nearly 20 per cent before rebounding by around 5 per cent in 2024.
The Commonwealth Bank says it thinks house prices will fall by 10 per cent in Australia but still wants action to be taken to increase housing supply to address affordability.
The National Australia Bank has forecast Melbourne’s property prices to rise by 20 per cent by the end of 2022.
Big banks have moved quickly to offer support to customers hit hard by restrictions designed to get on top of the rapid spread of the delta strain of coronavirus.
The Commonwealth Bank has this week joined a couple of the other major banks and brought forward their expectations of an official cash rate rise.
The CBA have gone as far as to forecast rates to rise before the
The two biggest banks in Australia have forecast house prices to rise by ten per cent or more this year.
Sydney and Perth have been tipped to lead Australian capital city house price boom.
The property markets in Melbourne and Sydney both look set for an inevitable drop over the next couple of years in the face of a contracting economy, poor consumer confidence and less migration.
The Australian Banking Association has extended its Small Business Relief Package to include 98 per cent of all businesses with an Australian bank loan.