Chief economist update: Don't buy now, Australian property will be cheaperBY BENJAMIN ONG | WEDNESDAY, 23 JAN 2019 11:01AM
Expectations of falling house prices beget even lower house prices. This is because would-be homebuyers and property investors sit and wait for even cheaper prices thereby making it a self-fulfilling prophecy.
Read more: Capital Economics, HIA, AMP Capital, Australian Financial Review, Australian Industry Group, China, Fed, Housing Industry Association, Index of House Price Expectations, Industry Super Australia, Trump, Westpac-Melbourne Institute
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