One of Australia’s big four banks is predicting house prices will drop across the country, between 15 and 20 per cent by the end of next year.

Economists at ANZ predict Brisbane will see a dip by around 12 per cent before the end of 2023.

The bank has released a report saying the biggest factor driving prices down would be reduced borrowing capacity rather than a rise in forced sales.

ANZ CEO Shayne Elliott admits it will be a shock to some.

“It depends when people got in, right, so people who have had a house for a while they will be all right, because they will give back a bit of the gain they had,” he told Neil Breen on Brisbane Live.

“The people that are really at risk are those that just bought, like if you just bought a home in the last year, that’s obviously going to be a lot scarier prospect, looking at a house price fall.”

Press PLAY below to hear him explain from the report 

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