From SQM Research:
SQM Research today has revised down its forecasts for 2018, following recent market evidence that dwelling prices have been falling in Sydney and to a lesser extent in, Melbourne so far this year. Leading indicators such as auction clearance rates, total aggregated property listings and asking prices suggest further deterioration in market conditions in recent weeks.
As a result, SQM Research has had to revise down its initial forecasts on five capital cities released back in October 2017 via its annual Housing Boom and Bust report.
