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Experts warn Australia's property market slump will only worsen | Sky News Australia

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Kevin Brogan from Core Logic: We've made a projection that the housing sector will turn around by at least the middle of 2020. Australia as a place to invest is still very strong in terms of net migration and the economy. MORE: SkyLiveNow

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Experts warn Australia's property market slump will further decline | Sky News AustraliaExperts warn the housing market will not rebound until 2020, with indications it will further decline before picking up again. \n\nEconomists are predicting markets will continue to fall, anywhere between 20 to 25 per cent before the Australian property market builds strength. \n\nInternational investment giant Credit Suisse has forecast a 25 per cent peak to trough fall in the Sydney market. \n\n\nImage: News Corp Australia\n\n\n\n\n\n Great news! Quite easy to believe. Feb and we’ve already seen Sydney come off 15%. Highest house hold debit in the world, some of the dearest houses in the world, zero wages growth, Chinese demand has dried up. What took Sydney and Melbourne house values to these levels anyway? overvalued
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One in four CEOs expecting slump in business conditions | Sky News AustraliaOne in four CEO’s are expecting a deterioration in business conditions, according to AI Group’s Annual CEO Business Prospect Survey. \n\nOnly 33 per cent of CEO’s expect conditions to improve in 2019, down from 42 per cent on the previous year. \n\nThe biggest risks flagged for the year include a lack of customer demand from both businesses and households, and skill shortages.\n The_AiGroup So 3 in 4 CEO’s aren’t? The_AiGroup Just how many of the CEO are either foreign or put in place by PC super funds using your money to undermine your values? The_AiGroup But will all be expecting a pay increase this year! “Trickle down effect” my a$$!
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