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HSBC economist predicts property prices could fall 13%
Original: Property prices set to slump as much as 13%, says HSBC chief economist | The Business | ABC NEWS
HSBC's chief economist has warned that property prices could slump by as much as 13%, according to an ABC News Business segment. The forecast suggests a significant correction in the housing market, and viewers are weighing in on what a decline of that scale would mean for homeowners, buyers and the broader economy.
Why now: Fears of a sharp housing downturn are topical as high interest rates squeeze property markets.
HSBCABC NewsAustralian property market
Rank over time, top of the chart is #1. 16 snapshots from 2 d ago to 2 h ago.
Evidence
- Property prices set to slump as much as 13%, says HSBC chief economist | The Business | ABC NEWS · ABC News (Australia) · 84.6K
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