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One of Australia’s big four banks has shaved $7800 off its previous prediction for property price growth in Melbourne this year. NAB is expecting the city’s combined house and unit price to rise 0.2 per cent in 2022 after forecasting 1.2 per cent growth for the year at the end of 2021. But the bank is still expecting an 11.4 per cent fall in house and unit prices in 2023, with dwelling prices expected to sit 11.2 per cent lower than they are now. Source : https://www.realestate.com.au/news/melbourne-house-price-forecast-nab-changes-prediction-for-rest-of-2022/

By Peter Hess - 22-May-2022