How Australian Property Prices have been fairing for the past six months
- Westpac has updated its property forecasts, expecting a serious boom in the coming years.
- The bank’s economists expect prices to fall nationwide by just 2.3% more to June before booming to 2023.
- Fuelled by low-interest rates and record economic support, chief economist Bill Evans and Matthew Hassan expect some capital cities to boom by as much as 20%. The bank’s economists expect prices to fall nationwide by just 2.3% more to June before booming to 2023.
Sky-high Australian property prices are not only set to live another day, they’re bound to go higher still, the country’s second-biggest bank predicts.
On Thursday Westpac broke ranks with the other big four banks tolay down its latest thinking, expecting the property market to get through the pandemic relatively unscathed before booming.
Months ago Westpac predicted national prices to fall by 10% and to recover a little more than 8% by 2022…
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