BIS: “Mild housing correction” coming. Not!

Wednesday 28 October 2015

BIS Shrapnel has released its annual Housing Outlook report for the three years to mid-2018, which forecasts only a mild correction for Melbourne and Sydney housing from mid-next year. From The Canberra Times:

Sydney house prices will rise by 7 per cent for the 12 months to the middle of next year before falling 5 per cent over the subsequent 24 months…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.