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
Home values hold strong amid pandemic
Strong results from recent CoreLogic data revealed that despite COVID-19 panic every Australian capital city had home value increases...
Survey reveals WA’s resilience
“West Australian property industry participants are the most buoyant in the country about the impact of the Federal Government’s...
Perth rental and sales activity on the rise
Stupendous news for Perth as data derived from reiwa.com revealed leasing transactions rose by 16% as well as sales transactions...
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...
204 Walcott Revealed
We are excited to see one of our beautiful apartments in our recently completed 204 Walcott Art Deco inspired...
WA IS SAILING THROUGH THE ECONOMIC STORM
The State Governments hard border closure, the ongoing strength in the mining sector and the states low reliance on...
WA’S HARD BORDER HAS KEPT THE NATION GOING
WA was the only economy to see any growth for the last financial year with a 1.1% rise meaning...
PROPERTY & ECONOMIC UPDATE
Read the latest thoughts from Griffin’s Founder and CEO, Greg Devine
WA leading the nation’s post virus spending
Western Australia continues to lead the nation in the COVID-19 economic recovery with the strongest spending across the country...
Australia, Singapore and Hong Kong lead the pack on COVID-19
Western Australia the “island within an island” as Premier Mark McGowan described it is as good a place as...
