Australia’s biggest mortgage lender has issued a dire warning on house prices if Australia has a prolonged economic downturn due to Covid-19. If the fallout from the pandemic drags on, the Commonwealth Bank says prices could crash by a third. Even its best-case scenario sees prices down by more than 10 per cent.
Read more here: https://www.abc.net.au/news/2020-05-13/coronavirus-commonwealth-bank-house-prices-economy-unemployment/12241338
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