Westpac expects house prices to surge 15 per cent in late 2021 – PerthNow

One of Australias major banks believes house prices will surge by almost 15 per cent in late 2021 after a period of distressed sales.
Back in March, Westpacs chief economist Bill Evans and senior economist Matthew Hassahad predicted the national average dwelling price would fall 10 per cent between April this year and June next year.
But they now expect the drop will be 5 per cent, saying capital city markets had proved more resilient to the coronavirus-induced recession than initially antici…

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