ANZ Warns Australian Property Prices Could Slump Almost 15 Per Cent

Major bank ANZ warns that property prices could slump by almost 15 per cent, with Sydney and Melbourne facing the largest hits

Justin Tomlinson

Editor-in-Chief, Mora Discover

3 sources
ANZ Warns Australian Property Prices Could Slump Almost 15 Per Cent

Major bank ANZ has issued a warning that property prices could slump by almost 15 per cent. The projections were detailed in a report released on the morning of the Reserve Bank of Australia's August interest rate decision.[1][2][3]

According to the report from ANZ, the largest declines in property values are anticipated in major metropolitan areas. The major bank expects the biggest price hits to occur in Sydney and Melbourne.[1][2][3]

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