In late July, The Great Housing Debate took place between Coolabah Capital’s Chris Joye and economist Stephen Koukoulas (‘The Kouk’).
In that debate, The Kouk explicitly forecast that Australian dwelling values would decline only 7% peak-to-trough on the back of 300 basis points of monetary tightening from the RBA:
“Peak to trough is minus 7%… That assumes 300 basis points of rate hikes from the RBA… So minus 7%. It will probably occur in the middle parts of 2023 to the latter part of 2023″…
