According to The Australian Financial Review, with interest rates near zero, the economy pumped up with massive amounts of stimulus and the virus all but eradicated from our shores, bullishness has returned to the housing market as prices have started to rise.
The latest forecasts from economists at investment bank UBS expect house prices to rise by 5 per cent to 10 per cent for the year, but with the potential of gains of more than 10 per cent, “particularly given the planned repeal of responsible lending [rules]”.
Westpac chief economist Bill Evans and its senior economist Matthew Hassan are tipping 7.5 per cent rises this year and next (or 15 per cent over two years) on the basis of solid consumer sentiment and dwelling purchase intentions.
If you want to read this article in Japanese, please see the following link:
Subscribe to our English Newsletter