Skip to content

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

Interest rates and political elections driving Adelaide’s property market

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...
Read More
RESIDE ON MONEY KICKS OFF

RESIDE ON MONEY KICKS OFF

This week our beautiful Reside on Money project officially kicked off into construction phase with commencement of boring works...
Read More
Another boost to WA’s mining sector

Another boost to WA’s mining sector

Today we welcome more good news for WA’s economy with another boost for our mining industry. Fortescue Metals Group...
Read More
Adding to Scarborough’s changing landscape

Adding to Scarborough’s changing landscape

“To improve is to change; to be perfect is to change often” – a powerful quote from Winston Churchill...
Read More
FANTASTIC NEWS FOR FIRST HOME BUYERS

FANTASTIC NEWS FOR FIRST HOME BUYERS

Effective today, first home buyers are now eligible for a massive 75% rebate on stamp duty fees when buying...
Read More
Expansion of Perth ferries services to increase city connection

Expansion of Perth ferries services to increase city connection

One of Perth’s defining assets is the stunning Swan River, dividing the city into North and South. As the...
Read More
PERTH’S PROPERTY MARKET THE PANIC BUYERS NEW TARGET

PERTH’S PROPERTY MARKET THE PANIC BUYERS NEW TARGET

Panic buyers are at it again except forget the toilet roles, Perth’s panic buyers have sent the property market...
Read More
Adelaide’s property market needs to be acknowledged

Adelaide’s property market needs to be acknowledged

Terry Ryder the founder of hotspotting.com.au. believes Adelaide’s property market is one of the best locations to consider when...
Read More
Get to know our Project Manager

Get to know our Project Manager

Get to know our Project Manager   Introducing Brett Garret! With years of experience in project management under his belt,...
Read More
Potential USA trade deal to create 6,000 jobs

Potential USA trade deal to create 6,000 jobs

A potential trade agreement with the US for Australia’s natural resources would create significant economic benefits for our economy....
Read More

@ 2025 Griffin Group All Rights Reserved

Disclaimer: The information and images on this website are intended as a general introduction to the project and are intended for information and advertising purposes only. Griffin Projects Group does not make any representation or warranty in relation to the accuracy of the information and adverting present. All finishes and technical specifications are subject to change. All illustrations, photos, images or renders displayed are artists’ impression only. Changes may be made to all aspects of the development in accordance with the seller’s standard sale conditions. Interested parties should only rely on the terms of the seller’s sale conditions and the plans and specifications included in it (subject to the seller’s rights to vary those plans and specifications). All prices listed are in $AUD.