CBA expects house prices to drop 10 per cent

in a “worst-case scenario”.

He said prices had drifted only slightly lower and described the bank’s original prediction as “just a scenario that we need to be prepared for”. “We would say overall, and looking at the numbers in the last few months, the housing market has been more robust than perhaps we would have anticipated from March.”Commonwealth Bank chief executive Matt Comyn is predicting house prices to drop 10 to 12 per cent.predicting double-digit fallsCBA has also published modelling that shows unemployment rising to 9 per cent by the end of this year, before falling to 7.5 per cent by the end of 2021.

COVID-19 hardship measures have caused a blowout in deferred loan repayments of more than a billion dollars, impacting its cash position for the year ending June 30.

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CBA still expecting house prices to drop at least 10%Commonwealth Bank CEO says it's reasonable to assume house prices could tumble as much as 12 per cent despite the market proving more resilient than expected in recent months. clancyyeates At least 10 but not more than 12. That's confident. clancyyeates The CCP Virus can be finished by hydroxychloroquine, zinc and azithromycin . Please put those drugs Over The Counter to save more lives. No one will be safe if WHO,Politicians,medias still keep lying. clancyyeates
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