NAB has downgraded its house price forecast for 2019 after weak conditions early this year were worse than expected.
Sydney and Melbourne will continue to lead the decline, but the major lender now anticipating peak-to-trough falls of 20% and 15% respectively. Perth is expected to remain weak, while the other capitals will hold up.
To read more of the article from The Australian Property Journal Click here.
+61 2 9046 8900
Level 9
16 O’Connell Street
Sydney NSW 2000
+61 7 3198 2090
34 Commercial Rd
Newstead QLD 4006
+61 8 7087 2134
Level 2
70 Hindmarsh Square
Adelaide SA 5000
+61 3 8375 9664
Level 7
55 Collins St
Melbourne VIC 3000
+61 8 6186 8216
Level 1
361 Oxford Street
Mount Hawthorn WA 6016
Stamford Capital Australia is a member of:
Stamford Capital Australia Pty Ltd is a credit representative (credit representative number 409113) of blssa pty ltd (Australian Credit Licence no. 391237).