A Glimmer of Hope in the Housing Market? Commonwealth Bank chief Matt Comyn's advice to his children to buy a house soon may seem counterintuitive given the current state of the housing market.
House prices have been falling, interest rates are expected to peak, and consumers are increasingly nervous about taking on debt.
However, Comyn's perspective is rooted in his understanding of market dynamics and borrower psychology. The recent decline in house prices in Sydney and Melbourne – 4% and 3.