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A 30 per cent house price fall 'unlikely' with RBA tipped to cut interest rates in late 2023

From abc.net.au

It's the question that most Australians want an answer to. Are house prices going to keep falling in 2023? For those in the property market — who saw their home values jump more than 20 per cent during the pandemic – further falls won't be welcomed. Australian housing is valued at about $9.4 trillion. As property research firm CoreLogic points out, this is almost three times the value of Australian superannuation funds and more than three times the value of Australian listed stocks. Housing comprises almost 60 per cent of household wealth and 62 per cent of the balance sheets of lenders. If the property market tanks, ... (full story)

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  • Category: Fundamental Analysis