As reported earlier, The Great Housing Debate was held on Tuesday between Coolabah Capital’s Chris Joye and economist Stephen Koukoulas (‘the Kouk’).
During the debate, the Kouk forecast that Australian dwelling values would only decline 7% peak-to-trough on the back of a lift in Australia’s official cash rate (OCR) to 3%:
“Peak to trough is minus 7%… That assumes 300 basis points of rate hikes from the RBA… So a 7% decline… My 7% fall is basically linked to Sydney and Melbourne doing a little worse than the average… So minus 7%. It will probably occur in the middle parts of 2023 to the latter part of 2023″…
