DOOMSDAY HOUSING PRICE FORECASTS HIGHLY QUESTIONABLE

May 21st,2020

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.