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NAB: Sydney and Melbourne house prices to plummet 22%

July 1, 2022 - 10:30 -- Admin

NAB’s Q2 residential property survey is out, with the bank viciously downgrading its outlook for Australia’s housing market. NAB now forecasts that Sydney and Melbourne dwelling values will plunge by around 22% over 2022 and 2023, with the other capitals also forecast to record heavy falls next year as the cash rate soars to 2.6%:

The post NAB: Sydney and Melbourne house prices to plummet 22% appeared first on MacroBusiness.

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