Details of the plunging property forecast were explained in the PropTrack Property Market Outlook July 2022 report.
Brisbane, Canberra, Hobart and Darwin are expected to experience a drop in house prices but Sydney and Melbourne are predicted to face the largest falls. PropTrack Director of Economic Research Cameron Kusher believes rising interest rates are discouraging buyers from entering the property market.
No doubt BlackRock will buy up some of them
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