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Confidence in Australian housing market booms despite recession: Westpac – Domain News
More Australians believe it is the right time to buy property as they expect strong house price growth despite the pandemic-induced recession.
Confidence in the Australian housing market has boomed in October with a Westpac consumer survey recording an extraordinary surge in increased confidence off the back of the federal budget.
The survey, which measures Australian consumer sentiment, saw house prices expectations and the time to buy a dwelling index bounce back in the past month, despite the pandemic-induced recession.
The national house price expectations index grew a whopping 31.5 per cent to 117.3 with all states registering i…
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