Business
House prices to surge in Australian capital cities, driven by ‘aggressive’ Government stimulus – ABC News
Capital city prices will get a lot more expensive next year according to property analysts, while the amount of money Australians are borrowing to buy property…
House prices, which are already making a strong recovery from the COVID-19 recession, are likely to get more expensive in 2021.
Key points:
- Perth, Sydney and Adelaide are expected to see the biggest price rises next year
- Australian borrowed $22.7b in October to buy property (a record high)
- It was driven by first home owners and the HomeBuilder stimulus program
Australia’s capital cities may see prices surge between 5-9 per cent, according to a new report by property analysts SQM Research.
It said…
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