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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/

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