Jul
18
Sydney Housing Slump Predicted to Last Until at Least 2020
By-
City’s peak-to-trough price decline now forecast at 10%
- Demand weakness, credit curbs prompt downward revisions
Sydney’s property market slump will last at least another two years as tougher lending standards and buyer nerves weigh on prices.
That’s the consensus from a Bloomberg survey of 15 economists, over a third of which have turned more pessimistic within the last three months…
