The REIA says that forecasts of housing price drops of as much as 30% are highly questionable and cannot be relied upon with any degree of confidence.
“We are in unprecedented times and anyone that suggests they can forecast with any acceptable degree of probability is being highly fanciful,” said Mr Adrian Kelly, President of the Real Estate Institute of Australia.
Download the full media release here:
FIRST HOME BUYERS DOMINATE AUSTRALIA’S PROPERTY MARKET FOR THE FIRST TIME IN A DECADE
REIA News – November 2020
REIA SEEKS NEW FOREIGN INVESTMENT FEE STRUCTURE FOR RESIDENTIAL PROPERTY SECTOR
REDUCTION IN LOAN DEFERRALS DEFIES DOOM AND GLOOM FORECAST: REIA
NSW BUDGET SHOWS IT IS TIME TO GET SERIOUS ABOUT STAMP DUTY: REIA
RBA IMPROVES HOUSING AFFORDABILITY IF BANKS PASS ON CUT
SEPTEMBER HOUSING FINANCE REFLECTS IMPROVING HOUSING SENTIMENT
REIA News – October 2020