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HSBC negative on Sydney, Melbourne house prices

Nov 21, 2018 - Australian Financial Review

HSBC expects housing prices in Sydney and Melbourne to fall between 12 per cent and 16 per cent from peak to trough, after faster than expected declines in dwelling values prompted it to revise its outlook.

The 8 per cent decline in Sydney dwelling values since the 2017 peak and the 5 per cent decline in Melbourne were likely to continue until they troughed next year, as conditions that drove the five-year boom unwound, the investment bank said in a research note yesterday.

These inc...