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KPMG tips Sydney and Melbourne to recover in 2 years

The housing market in Sydney and Melbourne will continue to fall this year before recovering over the next two years, a new report by KPMG has predicted.

KPMG tips Sydney and Melbourne to recover in 2 years
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KPMG tips Sydney and Melbourne to recover in 2 years

The new report by KPMG Economics believes widespread speculation that house prices are set to go into free fall is “overly pessimistic”, but believes price declines will continue in the near term for Australia’s two major cities.

Read more at the Accountants Daily.

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