REIA: Credit crunch to hit house prices hard by year end

Thursday, 14 June 2018

President of the Real Estate Institute of Australia (REIA), Malcolm Gunning, is the latest to turn bearish on Australian housing, forecasting falls of 5% to 6% across the Eastern Seaboard by the end of the year:

Mr Gunning said the credit squeeze was taking its toll on the eastern seaboard, with buyers not able to borrow as much as they could 18-months ago.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.