The Reserve Bank of Australia reported that house prices are set to drop by 15 percent as of June 2022 for the next two years. This would be in line with market expectations.
The drop could be due to the crash rate of 0.1 that the market could see in June 2022.
Westpac predicts a 14 per cent fall in house prices over the next two years as of 2022. Similarly, AMP Capital, an investment management company, reveals a 10 per cent to 15 per cent fall by the beginning of 2024.
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