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
Niche property assets
Investors risks may be higher due to the pandemic and current recession however the rewards for those willing to...
WA | Only state/territory to see unemployment rate fall
More good news for WA! In the latest release of monthly jobs figures, WA ranked as the only state...
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...
Iron ore and coal generate $10.6 billion trade surplus
Strong positive news for Australia, especially WA as March saw a $10.6 billion monthly trade surplus suggesting exports to...
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...
Scarborough’s $120 million Woolworths tower project
Scarborough is set to receive even more investment with a planned $120 million-dollar redevelopment of Scarborough’s White Sands Tavern...
HOUSE PRICES FORGOE GLOOMY OUTLOOK FOR A MORE UPBEAT ATTITUDE
Home values are starting to stabilise just six months after the March COVID-19 shock which has some economists forgoing...
Opportunistic Hongkongers snap up property in Australia
Many deep-pocketed Hong Kong investors are preparing to pick up global properties on the cheap as major currencies are...
IS NOW THE RIGHT TIME TO BUY A NEW PROPERTY?
Have you been considering the purchase of a property, either as an owner-occupier or as an investor, but unsure...
WA’S RESOURCES SECTOR RISING FOR THE FIRST TIME SINCE THE MINIG BOOM OF NEARLY A DECADE AGO.
WA’s resources sector is basking in a genuine resurgence with investment rising along with the new resources ‘mini-boom’ revealing...
