According to The Australian Financial Review, ANZ is predicting house prices to fall by 6 per cent nationally next year; Sydney prices are set to drop by 7 per cent, Melbourne by 6 per cent, Brisbane by 3 per cent and Adelaide by 5 per cent.
Perth and Hobart are expected to fall by 6 per cent each, Darwin by 8 per cent and Canberra by 8 per cent.
ANZ expects the cash rate to rise to 2.25 per cent by May next year.
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