Home owners can expect house prices to stop falling mid-year, but only after the Reserve Bank of Australia ends its fastest monetary tightening in 30 years, and they will have to wait longer before property prices start rising.
A survey of 31 economists by AFR Weekend suggests a 15 per cent decline in the value of properties from top to bottom, according to the median forecaster. Only six respondents are more optimistic, predicting a smaller loss.
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Cécile Lefort is a markets reporter based in the Sydney newsroom. Cécile worked in New York and Hong Kong writing about global capital markets. Email Cecile at cecile.lefort@afr.com
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