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

FEDERAL TREASURER THANKFUL TO WA’S RESOURCES SECTOR

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...
Read More
PROPERTY PROFIT RISING TO NEW HEIGHTS

PROPERTY PROFIT RISING TO NEW HEIGHTS

Housing prices have recently seen an exponential rise due caused by a flood of returning expats and east coast...
Read More
WA set for $4.5 million over the next three years in GST top-up deal

WA set for $4.5 million over the next three years in GST top-up deal

Federal Treasurer Josh Frydenberg and WA Treasurer Ben Wyatt finalised a deal this week which will see Western Australia...
Read More
HOMEBUILDER GRANTS EXTENDED TO MARCH NEXT YEAR

HOMEBUILDER GRANTS EXTENDED TO MARCH NEXT YEAR

Great news for those who thought they may have missed out as the HomeBuilder grant as it has now...
Read More
Perth property is bouncing back

Perth property is bouncing back

In a much needed change, Perth’s property prices have finally seen a slight upturn for the first time in...
Read More
$2.4 billion set for infrastructure projects

$2.4 billion set for infrastructure projects

The State Government is fast tracking tenders for $2.4 billion to kickstart multiple transport infrastructure projects guaranteeing small and...
Read More
Project Vision becomes a reality | 204 Walcott

Project Vision becomes a reality | 204 Walcott

It is an extremely rewarding experience to see the vision for a project become a reality. Our premium 204...
Read More
Australia Paving the way to economic recovery

Australia Paving the way to economic recovery

Australia is paving the way for the world out of the COVID-19 induced recession, however the Organisation for Economic...
Read More
Key indicators of Perth’s recovering property market

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...
Read More
DevelopmentWA to drive WA’s future

DevelopmentWA to drive WA’s future

The new State Government’s powerful entity “DevelopmentWA” is set to deliver over $3.8 billion in new projects next year...
Read More

Copyright © 2025 Theresidence. 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.