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
BHP to raise Iron Ore export capacity
BHP is looking to increase its Western Australian iron ore export capacity from Port Hedland by an extra 40...
Perth’s resilient property market
The residential property market is showing more resilience to the pandemic induced instabilities than initially predicted primarily due to...
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....
Scarborough Beach to get Australia’s first ever trackless tram
Sensational news for Perth as Australia’s first ever trackless trams are set to hit Scarborough Beach. This proposed $97...
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...
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...
APRA finally relaxes loan serviceability conditions
Potential home buyers will be able to breathe a little bit easier after APRA’s (The Australian Prudential Regulatory Authority)...
Melbourne property market battered but still standing
Property investors are shocked to see Melbourne’s property market standing tall after COVID-19’s most recent hit, however with an...
WA, THE STATE THAT FORGED ITS OWN PATH OFFERS MOST RELAXED BORDER RULES FOR INTERSTATE TRAVEL
We are days away from the most anticipated event of the year with WA’s borders opening to the rest...
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...
