✉news BusinessReal Estate first seen 5 d ago, last 5 d ago, peak #4
Westpac CEO says buyers holding out for lower home prices
Original: Westpac CEO says buyers waiting for lower prices as housing downturn deepens
Westpac's chief executive says Australian home buyers are holding off on purchases in expectation of further price falls, as the country's housing downturn deepens. The comment adds a major bank's voice to growing concerns about weakening property values, cooling demand and the pressure higher borrowing costs are placing on households and the wider mortgage market.
Why now: Falling house prices and buyer caution are a major concern for households, the property market and the economy.
WestpacAustraliahousing market
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