What a load of crap, nowhere in that article does it state that the RBA is expecting a 30% fall in real estate prices. The only mention is in the headline and that the banks have run simulator tests for what they perceive as worst case scenario. Certain areas of W.A. and the N.T. are suffering large decreases because people were foolish enough to pay outlandish prices at that time. I mean to say...a three bedroom house in Port Hedland or Karratha for approx. $1million.
Really this is just another example of trash reporting. The standards of articles in Australian media is abyssmal
