Lending to owner occupiers grows by 3.4% in February as forecaster Moody’s predicts larger than expected drop in house values

Lending to owner-occupiers and investors rose in February but there’s little agreement among economists about what that means for the health of Australia’s housing market – with one forecaster tipping a further 9.3% decline for Sydney property prices in 2019.

Some economists expressed cautious optimism that, after months of declines, markets could be finding a bottom, but CoreLogic-Moody’s Analytics predicts falls in value across Sydney and in Melbourne will be worse than expected.

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