{"id":14542,"date":"2018-10-14T12:42:42","date_gmt":"2018-10-13T23:42:42","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=14542"},"modified":"2024-03-01T20:59:11","modified_gmt":"2024-03-01T07:59:11","slug":"biggest-property-crash-since-the-1980s","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/biggest-property-crash-since-the-1980s\/","title":{"rendered":"Biggest Property Crash Since the 1980s?"},"content":{"rendered":"

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PHOTO:\u00a0Housing market faces worst slump since GFC<\/strong><\/p>\n

THERE\u2019S no relief in sight for Australian property owners as experts warn house prices will continue to tumble well into next year.<\/p>\n

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According to Morgan Stanley\u2019s latest forecast, property prices could plummet by up to 15 per cent \u2014 meaning we\u2019re now facing the biggest drop in decades.<\/p>\n

In fact, the organisation\u2019s forward-looking housing model has dropped to the lowest level ever recorded.<\/p>\n

\u201cWe struggle to see improvement in any of our components over the next year, with pre-existing headwinds of net supply, an RBA on hold and sustained focus on lending standards, all independent of potential negative gearing\/capital gains tax changes,\u201d Morgan Stanley said in the report.<\/p>\n

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