‘Seller’s market’: House prices could climb 20 per cent over next two years

House prices in Sydney could climb by 20 per cent over the next two years and by 18 per cent in Melbourne as economists predict the battle between banks for new customers and the successful rollout of the coronavirus vaccine will super-charge the national property market.

Brisbane , Perth , Adelaide and Hobart are also tipped to see above-inflation increases for the next two years. The Westpac forecasts are stronger than those recently released by the Commonwealth Bank, which is expecting double-digit price growth in both Sydney and Melbourne over the next two years.

The battle for market share is continuing with the NAB on Monday slicing up to 0.55 per cent from some of its fixed home loan rates for owner-occupiers. Investment loans were cut by up to 0.15 per cent.The lowest rate in the market is 1.69 per cent for one year offered by the Greater Bank.

Source: News Formal (newsformal.com)

swrighteconomy Yaaaawn. Remember, ceteris paribus...and when is the world in ceteris paribus.? Really, what is the point of trying to guess?

swrighteconomy Speculation in property driving price gains driven by people who believe the flip it reality shows, and think quick dodgy renos will double their money

swrighteconomy Once the vaccine rolls out...prices will stabilise..commom sense..dont believe this for one second..talking the market up

swrighteconomy No chance, there will be so many defaults

swrighteconomy Well guess investors will be buying up everything now

swrighteconomy I assume you mean actual houses and not the sh*tty apartments scattered all over Sydney?

swrighteconomy There's how it's been incentivised

swrighteconomy 'could' and 'predict' two very good reasons not to read this rubbish

swrighteconomy Nice advertorial for the real estate industry. How much do they pay you publish this drivel?

swrighteconomy And I 'could' grow wings too

swrighteconomy Literally making the rich richer. I heard a friend of a friends house went from 3.5 to 4.5 million in 2 years. How’s that for a profit. How lucky to start with 3.5 and make a lazy mil like that. Impossible for most people.

swrighteconomy Could, maybe, possibly......guessing, don’t really know but hey why let that get in the way of a content quota filler.

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