WESTPAC PREDICT 15% SURGE IN HOUSE PRICES
September 20, 2020
House prices are set to bottom out by June 2021 before bouncing up by 15% according to Westpac’s economic team who believe low mortgage rates and a less severe recession than predicted will stabilise the market before a solid recovery.
Chief economist Bill Evans and senior economist Matthew Hassan predict the 15% national price surge which will start around June 2021 and run until mid-2023 or by 7.5% per year, with the greatest gains in Brisbane and Perth being 20% and 18% respectively
To read the full Westpac article click below:
https://www.westpac.com.au/news/money-matters/2020/09/house-prices-in-for-15pc-surge/
Read Our Other Articles
$2.4 billion set for infrastructure projects
The State Government is fast tracking tenders for $2.4 billion to kickstart multiple transport infrastructure projects guaranteeing small and...
WA’S HARD BORDER HAS KEPT THE NATION GOING
WA was the only economy to see any growth for the last financial year with a 1.1% rise meaning...
Perth’s housing market jumps into 2020 with positive growth
Perth’s housing market has kicked off positively with home values set to rise by 6% this year according to predictions...
November News Highlights
Job growth in WA Western Australian businesses are in job-creating mode – rippling direct benefits onto all sectors of...
EXPERTS PREDICT HOUSE PRICES WILL GROW IN 2021
Experts predict Perth will have the nation’s biggest property boom in 2021, only months after warnings of economic collapse...
4 reasons Australia may have a sharp but short recession.
Below are four main reasons Peter Switzer, Founder of Swtizer Financial Group believes Australia’s future economy could give way...
International Women’s Day
Yesterday we celebrated International Women’s Day. Griffin Projects Group is #proud to have a strong team of women driving...
APRA finally relaxes loan serviceability conditions
Potential home buyers will be able to breathe a little bit easier after APRA’s (The Australian Prudential Regulatory Authority)...
WA props up the nation after $200 billion black hole unveiling
WA has once again helped in keeping the nation afloat with its mining investment being one of the only...
Price increase for Adelaide suburbs
Solid property news for Adelaide which according to API is now leading the nation for house price growth with...