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via abc.net.auEconomy

Property prices set to slump as much as 13%, says HSBC's Paul Bloxham

FROM THE WIRE · ABC.NET.AU

Follow the latest headlines from ABC News, Australia's most trusted media source, with live events, audio and on-demand video from the national broadcaster.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA forecast of a sharp property decline can weigh on credit, consumption and Australian banks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01HSBC chief economist Paul Bloxham forecasts a decline of up to 13%.
  2. 02The forecast concerns property prices.
  3. 03The source text includes no further details.

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