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Will Australian property prices REALLY fall 32%?

Australian property prices are set to fall 32%! screams the news. Owen Rask explains why the property forecasters could be way off of the mark -- and why it shouldn't matter.

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“Australian property prices are set to fall 32%!” screams the news.

And your friend says, “OMG, did you hear that “they” said Australian property prices are going to fall by 30%?”

“Who’s ‘they’ and what data did they use?” you ask.

Your friend: “No idea. But seriously how bad’s that!”

With bold predictions about the direction of Australian house prices getting tossed around left right and centre, falling rental prices, COVID-19 and first home buyers licking their lips, Owen took the opportunity to talk about house prices, the basics of economics for the property market, the latest data and forecasts, why forecasts are almost always specifically wrong and how to think about buying property in 2020.

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Owen Raszkiewicz

Owen is the Chief Investment Officer of Rask Invest and Founder of Rask. Since founding The Rask Group in 2017 in the hillside suburb of Upwey, Victoria, Owen has overseen the growth of the Rask platform to over 200,000 investor followers. He holds a Master's Degree of Applied Finance, Master's Degree of Financial Planning, and Bachelor's Degree in Technology.
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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #563 907.

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