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
National economy saved by WA mining
WA’s decision to keep Western Australia mining rolling during the COVID-19 pandemic has saved the national economy from collapsing...
September News Highlights
September News Highlights Swan river deck A river deck alongside Elizabeth Quay has been proposed by a collaboration of...
WA HOT PROPERTY BOOM TO LAST YEARS
Experts are signalling WA property prices are tipped to continue rising for several years, with the sector sitting in...
Interest rates and political elections driving Adelaide’s property market
According to a recent Herron Todd White residential report the South Australian property market is being driven by two...
APPLYING FOR FINANCE: 6 TIPS TO HELP GET APPROVED
With the generous government grants available, there has never been a better time to buy a home, here are...
Export dividends to rejuvenate WA’s economy
Great news for WA as US based energy giant Chevron finally sealed its position as a long-term powerhouse in...
FEDERAL TREASURER THANKFUL TO WA’S RESOURCES SECTOR
WA’s resources sector is continuing to provide a bright spot for Australia’s economic data as it is once again...
Consumer confidence increasing for the third week straight.
Consumer confidence has gained for the third-straight week in a row supported by a flattening of the coronavirus cases...
Perth’s rental rise and why this benefits Investors.
Perth’s rental market is showing positive improvement with the latest data from the Real Estate Institute of Western Australia...
7 reasons why WA is well positioned to bounce back from COVID-19
Finance Minister Mathias Cormann believes the WA economy will economically bounce back from COVID-19 pandemic for seven key reasons....
