Property Prices Could Slump by Almost 15 Per Cent, ANZ Warns

A report from ANZ warns that Australian property prices could decline by nearly 15 per cent, with Sydney and Melbourne expected to see the largest hits.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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

Major bank ANZ has warned that Australian property prices could slump by almost 15 per cent. The forecast was 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 bank's analysis, the real estate market downturn will not affect all areas equally. ANZ expects the biggest price hits from the projected slump to occur in Sydney and Melbourne.[1][2][3]

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