Sydney house prices are set to fall as much as 14 per cent this year alone as the sharp rise in interest rates in coming months slashes into borrowing capacity, according to an updated ANZ forecast.
The bank is also predicting Sydney prices to fall by a further 6 per cent next year, for a total of 20 per cent drop peak-to-trough. Prices are likely to rise by 6 per cent in 2024 as interest rates start to decline.
