LF Economics has released a new report, entitled “Let the Bloodbath Begin”, which forecasts a doomsday scenario for Sydney and Melbourne housing:
With many pressures mounting throughout 2019, we are confident that house price declines will accelerate in Sydney and Melbourne. In our baseline scenario, we anticipate nominal house prices to fall between 15% to 20% in 2019 alone in both cities. With inflation running at 2% annually, the decline in real terms will be slightly larger…
