Business
‘Seller’s market’: House prices could climb 20 per cent over next two years – Sydney Morning Herald
Westpac economists say low rates, the banks’ battle for new customers and the successful rollout of the coronavirus vaccine will super-charge the national property…
Westpac is now the most upbeat about the property market, predicting a 10 per cent increase in Sydney dwellings this year followed by a similar rise in 2021. Last September it was forecasting a 4 per cent lift in Sydney.
Melbourne prices, after a 1.3 per cent fall last year, are tipped to climb by 8 per cent this year followed by 10 per cent in 2022.
Brisbane (10 per cent over both years), Perth (12 per cent this year, 8 per cent in 2022), Adelaide (10 per cent, then 8 per cent) and Hobart (8 per…
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