Major Banks Expect Australian Property Boom to Continue
Major Banks Expect Australian Property Boom to Continue Australia’s major banks are forecasting the nation’s property boom to continue under the auspices of strong economic rebound and ultra-low interest rates. The accelerating post-COVID-19 price rise is largely driven by owner-occupier purchasers and reflects supply lagging behind the shifting demand. The CEOs of four major banks all signalled an optimistic outlook on the house price growth during the latest session with the House Standing Committee on Economics in Canberra. Commonwealth Bank (CBA), Westpac Bank and National Bank of A...
Source: theepochtimes.com