More house price pain to come, warns nation’s biggest lender

Australia's biggest lender warns that property prices across Sydney and Melbourne could decline by up to 13 per cent before recovering late next year.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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More house price pain to come, warns nation’s biggest lender

Property prices in Sydney and Melbourne are facing further downward pressure and remain on track to decline by as much as 13 per cent, according to a warning from the nation's largest lender.[1][2]

The forecast indicates that relief for the housing market is not expected in the near term, with a turnaround unlikely to occur until the second half of next year.[1][2]

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