Australian house prices to rise 22% this year and then ease off, economists say
by Australian Associated Press from on (#5QQVX)
Westpac upgrades 2021 forecast, with the biggest gains expected in Sydney, up 27%, spurred on by low interest rates during the pandemic
House prices will have surged by 22% by the end of the year but economists can see a gradual easing on the way.
Westpac economists have upgraded their forecast for price growth in 2021 from 18 to 22% after lockdowns in some states had only a modest effect.
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