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Price crash still a risk as mortgage holidays end for tens of thousands of home owners – The Age

Victorian property prices are at risk of a double-digit property price crash as the city’s home owners continue to take loan deferrals with major banks, despite…

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At the height of uncertainty in May about the effects of coronavirus on unemployment the nation’s biggest lender tipped 11 per cent property price falls by March 2023 nationally as a “base case” scenario and up to 32 per cent in a prolonged downturn. At the time National Australia Bank expected an 11 per cent drop in 2021 and, in a severe scenario, falls of about 30 per cent over two years.
CBA senior economist Gareth Aird upgraded his outlook in September, forecasting Sydney house prices experiencing…

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