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Commonwealth Bank forecasts house prices to fall 10% in Sydney and Melbourne
The Commonwealth Bank predicts house prices will drop more than 10 per cent in Sydney and Melbourne. Recovery is not expected until late 2027.
Why it mattersA 10% price drop greatly reduces household wealth. It affects the financial security of mortgage holders in Australia's biggest cities.
AustraliaSydney and Melbourne homeowners face major asset value losses, directly impacting Australian households' largest investment and financial planning.
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