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Latest Perth market predictions ‘badly wrong’: Hayden Groves
Latest Perth market predictions ‘badly wrong’: Hayden Groves 24 August 2022 Matthew Hughes Article by: Hayden Groves Source: Real Estate Business August 23, 2022 Following the release of ANZ’s property forecast for the final months of 2022, Hayden Groves has opined that the numbers may not be what they seem. In an opinion piece published to his agency’s website, the Real Estate Institute of Australia (REIA) president urged industry insiders and consumers not to take economists’ predictions as the final word. The Perth property professional used the bank’s outlook on his city’s market trajectory as a particular example of how many factors might be overlooked in the type of broad property analyses such as ANZ recently released. “I think ANZ (and the other big banks) have got their prediction about Perth’s property market badly wrong,” the dethridgeGROVES principal said bluntly. “In short, they reckon Perth property values will inevitably follow east coast markets in a downward trajectory through to the end of next year, predicting Perth home values will fall by 7 per cent. NAB reckon Perth values will dip 11.4 per cent,” he explained. “Sadly, this is yet another example of an east-co
Following the release of ANZ’s property forecast for the final months of 2022, Hayden Groves has opined that the numbers may not be what they seem.