OUTCOME TWOThe hardest conversations banks will have with deferred customers are ones where they can’t start to repay again. If a lot of people are forced to sell their properties at once, there could be a rush of supply. Commonwealth Bank recently put out updated house price forecasts. They see the national average house price falling by 6 per cent. Commonwealth Bank expects Canberra to actually have house price growth, of 3.3 per cent between June 2020 and June 2021.

Source: The Herald September 13, 2020 03:11 UTC