Top economist AMP Capital’s Shane Oliver has revised his forecasts sharply - House prices to fall 20% in Sydney and Melbourne:
https://www.theguardian.com/australia-news/2018/oct/18/australians-told-property-prices-could-fall-another-15
Only two years ago he was saying confidently if there was a drop it would be 5 to 10%: https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/51339-how-valid-are-crash-calls-for-the-australian-property-market-shane-oliver.html
Do these newspaper headline economists have any idea what they're talking about?
https://www.afr.com/real-estate/why-it-was-easy-to-get-2018-property-prices-predictions-so-wrong-20181022-h16yqk
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