Published: October 18, 2018
AMP Capital’s Shane Oliver has revised his forecasts sharply downwards and says risk of crash ‘cannot be ignored’
Property prices in Sydney and Melbourne are on course to fall 20% and the risk of crash “cannot be ignored”, according to a significant rethink on the direction of the market by one of Australia’s most high-profile economists.
Shane Oliver, chief economist at AMP Capital, had expected the peak to trough fall in the two biggest cities to be 15%.
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