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Ratings agency warns of property correction

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Julia Corderoy | 15 May 2015, 07:11 AM Agree 0
Rapid rises in house prices and investor loans are increasing the risk of a housing market correction
  • Regional Broker | 15 May 2015, 10:18 AM Agree 0
    Ahhh!!!! Moody's again, the people who AAA Rate Mortgage backed bonds before the GFC, that were really junk Quality, something that is still being addressed by the courts and FBI in the US, I will not take any notice of this agency, for me no credibility.
  • City Broker | 15 May 2015, 02:20 PM Agree 0
    I am not surprised at Moody's prediction. One would need to be totally inexperienced not to be mindful of a likely property correction. I don't think it will be big and fast, but there will be a drop and then a steady price level for several years. There are signs everywhere that this is likely.
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