Why blue-chip property values will rebound by > 10% in 2021
n May, I wrote a blog after CBA released its bearish ‘worst case’ forecast for the property market. It predicted a 32% drop in prices! I outlined in my blog why I thought that was rubbish and prices would not fall by more than 10%. To date, according to various data sources, property values have not slipped by much more than 2% to 3%, which is barely noteworthy.CBA revised its forecast on 9 September admitting they got it wrong.Now that the virus is under control in Melbourne (and also nationally), I thought it was an opportune time to share my forecast for next year. It is my view that…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.