Business
Westpac tips 15pc rise in property prices – The Australian Financial Review
Westpac economists predicted a 15 per cent ‘surge’ in property prices, or about 7.5 per cent rise per year, from now to 2023.
CoreLogic figures released earlier this month showed another 1 per cent gain in December across the eight principal cities. Sydney home values have risen 2.7 per cent over the year.
Consumer sentiment dipped 4.5 per cent in January, mostly because the survey was taken at a time when the virus had reappeared in Sydney and consequent border closures played havoc with business and holiday activity.
Optimists clearly outnumber pessimists.
Bill Evans, Westpac chief economist
Mr Evans said the dip in…
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