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
COMO IN THE SPOTLIGHT
South of Perth and bordered by the iconic Swan River, Como is a well established area offering residents...
Quick recovery could reduce Government bailout spend
The JobKeeper and JobSeeker schemes, originally budgeted to cost $130 billion with the expectation that 6 million people would...
A typical day In Tuart Hill
With One54 Tuart tucked away on the tranquil Banksia Street in the upcoming suburb of Tuart Hill, an abundance...
Property market still positive despite COVID-19
REIWA has called on the State and Federal governments to conjure up a relief package stimulus to ensure the...
REIWA’s push for stamp duty to stay
RIEWA president Damian Collins is urging all political parties to look into options to extend the buying-off-plan 75% stamp...
Key indicators of Perth’s recovering property market
Perth’s tightening rental market combined with strong population growth provide two of the best key indicators to date confirming...
WA leading the way out of pandemic restrictions.
WA may be one of the first states in Australia to lead the nation smoothly out of the COVID-19...
Venice Beach inspired sign set for Northbridge
Northbridge, the city’s entertainment hot spot, as part of a $1 million revamp is set to get its own...
PROPERTY & ECONOMIC UPDATE
Read the latest thoughts from Griffin’s Founder and CEO, Greg Devine
Investors embracing Perth’s potential growth
More than 60% of investors believe that Perth has the highest growth potential of any market in Australia over...
