Westpac forecasts 20 per cent jump in Australian house prices – NEWS.com.au

Australias second biggest bank has predicted a 20 per cent jump in Australian property prices between now and 2023, which would see the value of homes in Sydney surge by $200,000. Westpac said record-low interest rates of just 0.1 per cent would see real estate values in our nation’s capital cities rise by 10 per cent both this year and next.
In Sydney, that 20 per cent increase two years’ from now would see the media house price jump by at roughly $207,000 – from $1.034 million to a whopping $1.24…

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