Via our Chris today:
Another week passes and yet another bank has upgraded its housing outlook in line with our heterodox March forecast for a zero to 5 per cent decline in the six months after the COVID-19 shock followed by 10 per cent to 20 per cent capital gains.
Last week CBA sensationally dumped its call for 10 per cent peak-to-trough declines in favour of a 6 per cent drop which it says will be superseded by healthy capital gains running at a 6 per cent annual pace in the second half of 2021.
