Business
Melbourne house prices tipped for biggest surge in a decade – The Age
The jump in property costs comes as buyers take advantage of record low interest rates, government programs and money saved during the coronavirus recession.
House prices are tipped to grow at their fastest pace since the late 1980s, with Melbourne prices expected to lift by 16 per cent this year, the largest single-year increase since 2010.
ANZ economists on Wednesday lifted their forecasts for house prices, tipping a nationwide increase of 17 per cent through 2021. The highest jump is expected in the Sydney market, with a 19 per cent surge, as buyers take advantage of record low interest rates, government programs and money saved during the coronavirus…
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