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Louis Christopher, Managing Director of SQM Research
Key features of the report include:
SQM Research’s base case forecast is for property prices to rapidly slow from the current annual 20%-plus growth rates.
The research house expects a slower rate of price rises over the first quarter of the year, followed by price falls as early as mid-2022.
The price falls will be led by Sydney and Melbourne houses, for which SQM Research is currently recording significant overvaluation.
These cities are the most sensitive to even minor intervention by the banking regulator, the Australian Prudential Regulatory Authority (APRA) in home lending.