A leading economist's thoughts on those forecasts of a property market collapse, with Dr. Andrew Wilson
Jul 20, 2022
We seem to have a new national obsession.
It’s even bigger than worrying about who’s going to the football on the weekend.
It’s called “Which way are house prices heading next?”
According to our big banks, Australians must brace for the worst housing correction on record as rising interest rates will strangle the property market.
And while Australia's economic fundamentals are still strong, consumer confidence has taken a significant hit and that's affecting our housing markets with buyers being more cautious and many taking a wait-and-see approach, while sellers’ confidence is more fragile.
So, will property values fall 20 or 30%, as some banks suggest?
Those topics are what we talk about in this week’s Property Insider video as Dr. Andrew Wilson, Australia’s leading housing economist and chief economist of MY Housing Market gives you his forecasts for our housing markets for the next 6 months.
And considering his strong forecasting track record, I believe he’s worth listening to.
We also discuss some of the other property news that has happened over the week.
Links and Resources:
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Shownotes plus more here: A leading economist's thoughts on those forecasts of a property market collapse, with Dr. Andrew Wilson