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
Perth’s property market set for strong rebound
Perth’s property market is sitting well for a strong rebound thanks to continued price growth, tightening supply and an...
NOW IS THE TIME TO BUY | PERTH
There is no better time than now to get into the Perth property market. The conditions are perfect to...
OVER 10% OF THE CONSTRUCTION PHASE IS COMPLETE
Griffin’s first energy efficient (clean technology) project, Reside on Money in the heart of Northbridge commenced construction in April....
Phase 3 for WA sooner bought forward a week
WA Premier Mark McGowan has indicated phase 3 of the four-phase plan for lifting the current COVID-19 restrictions may...
TWO TOWERS WORTH $1.1 BILLION APPROVED FOR ELIZABETH QUAY
Perth’s city skyline is set to grow with the long-awaited plans for two towers at Elizabeth Quay worth $1.1...
A strong finish for housing values in 2019
Recent data from CoreLogic’s national home value index shows housing values continue to rise in Perth with a 1.1%...
Energy efficiency and why you should go 6 stars
If you are looking for a home where you will slash your energy bills and have a future-proofed investment,...
WA NEW HOMES AND APARTMENTS ARE ON THE RISE.
WA is the only state in Australia that is expected to see a rise in the number of new...
November News Highlights
Job growth in WA Western Australian businesses are in job-creating mode – rippling direct benefits onto all sectors of...
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...
