Business
CBA boss tips 8 per cent house price growth as low rates fuel property recovery – Sydney Morning Herald
CBA is forecasting 8 per cent house price growth this year, in stark contrast to last year’s worst case scenarios.
The housing market has recovered strongly, particularly in the last few months, Mr Comyn said.
I think the markets reset to a lower interest rate environment and the confidence of a lower interest rate environment for some time.
The comments follow a surge in loan approvals in recent months after the Reserve Bank slashed official interest rates to just 0.1 per cent, where it expects they will remain until 2024.
One reason analysts expected the housing market would suffer due to COVID-19 was the…
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