Business
Westpac Predicts House Price Surge – The Urban Developer
Westpac has forecast house prices to stabilise over the next six months before surging 15 per cent over the following two years.
The second stage, which will cover the December and March quarters, will be a period of relatively stable prices, possibly with some modest increases, although Melbourne will be at least one quarter behind the other states and will still be experiencing falls in prices in the December quarter, Hassan said.
The third stage will see some limited resumption of downward pressure on prices through 2021, as we see an increase in urgent or distressed sales relating to borrowers struggling or unable t…
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