Business
Property prices to go from doom to boom: Westpac – PerthNow
After gloomy predictions earlier this year, Westpac has issued a staggering forecast for the Perth property market.
AFTER predicting a large 10 per cent fall in national property prices from the peak in April 2020 to June 2021, Westpac has revised its forecast to a more moderate 5 per cent, with prices then bouncing 15 per cent.
It said many capital city markets had proved resilient during the pandemic, with Perth expected to be remain flat as opposed to the predicted 4 per cent fall and Adelaide expected to rally from an 8 per cent drop to 2 per cent growth.
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