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Morgan Stanley has joined the conga-line of analysts downgrading their outlook for the Australian housing market, revising its forecast peak-to-trough property decline from 10%-15% to 15%-20%. From The AFR:
House price falls are steeper than thought as key indicators, ranging from rental conditions to credit supply, weaken…
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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.