Business
Australian house prices to rise by 15 per cent this year but slow in 2022 – Domain News
The property market is at a historic point in time and most definitely in a “fully-fledged, broad-based boom”, a Westpac report says, but it looks like things could…
House prices across Australia will rise by 15 per cent by the end of the year before slowing to just 5 per cent in 2022, a new Westpac Housing Pulse has revealed.
The quarterly report, released this week, revealed markets across Australian capitals are in a fully fledged, broad-based boom.
Westpac senior economist Matthew Hassan said all aspects of the market were showing outright strength, with turnover 30 per cent above the national pre-COVID peak.
Prices are 8.5 per cent above their pre-COVID…
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