The media went all bearish yesterday on the exciting news that Moody’s had caught up to reality in house price falls for 2019:
Falls in house prices across the country are going to accelerate this year, rating’s agency Moody’s has forecast, with parts of Sydney and Melbourne likely to face drops of more than 15 per cent over the next 12 months.
Revising downwards its predictions for the nation’s property market, the agency on Tuesday said it believed house prices would drop 7.7 per cent through 2019. In January, when it released its first forecasts, it predicted a 3 per cent fall.
