The RBA is NOT predicting house prices to plummet
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English - October 28, 2022 21:00 - 4 minutes - 4.3 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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You can be forgiven for believing that the Reserve Bank of Australia is expecting, and is predicting, that our house prices will drop 20%.
After all, that’s what media is telling us, constantly, of late.
Many news media outlets have stated, categorically, that the RBA has forecast a 20% drop in prices.
In fact, many journalists have gone a step forward and stated that house prices WILL fall 20% - without any possibility of it not happening – because the Reserve Bank says so.
But here’s the thing: it’s a lie. The Reserve Bank has not made that forecast.