ANZ: Melbourne property to plunge, Sydney only tumble

Wednesday, 26 August 2020

Via ANZ which now sees a 15% fall in Melbourne property prices versus Sydney’s more excellent 13% fall:

The decline in house prices over the past three months has been slightly more modest than we expected.

The government support payments to households, superannuation withdrawals and deferred mortgage repayments are all supporting the housing market.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.