ANZ Warns Property Prices Could Slump by Almost 15 Per Cent

A major bank report warns property prices could drop by nearly 15 per cent, with Sydney and Melbourne taking the biggest hit.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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

Major Australian bank ANZ has warned that property prices could slump by almost 15 per cent, according to a new report released on the morning of the Reserve Bank of Australia's August interest rate decision.[1][2][3]

According to the report, the property market downturn is expected to affect major capital cities unequally, with ANZ forecasting that the biggest price hits will occur in Sydney and Melbourne.[1][2][3]

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