Page 44 - Wayne Byres News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The case for falling house prices next year Save Share MLC’s chief economist, Bob Cunneen, is the first to offer an alternative story on the property market, tipping prices to fall 7 per cent next year as the world starts to push fixed interest costs higher. While property prices posted the fastest growth in 32 years in March, and most economists expect property prices to grow from 15 per cent to 20 per cent from the trough in October 2020 through to mid-2022, Cunneen says prices could fall. He says that while there will be growth this year of about 9 per cent, some of that is already fa...

Christopher Niesche: House prices in Australia have come roaring back to life 4 Apr, 2021 05:00 AM 5 minutes to read Like New Zealand, house prices in Australia are rapidly scaling new heights. Photo / Getty Images COMMENT: By any measure the house for sale at 76 Nicholson Parade in Australia's Cronulla is a dump. The derelict two-bedroom home in Sydney's south had been lying derelict for 35 years, is uninhabitable and was in such poor condition the estate agents had to warn potential buyers to watch their footing as they inspected the property. As the auction got underway i...

UBS predicts a push by investors could aid the surge in property values, with regulators unlikely to intervene until late this year.

What is driving the housing market boom, and could Australia follow New Zealand's lead by introducing measures to dampen property prices?

Housing boom in New Zealand threatened by loan, tax changes. Will Australia follow? Posted 6 updated 3 AprApril 2021 at 11:42pm Brendon and Gauri Miszka are trying to buy their first home in Sydney during the city's latest property boom. ( Share Print text only Cancel IT professional Brendon Miszka and his wife Gauri are inspecting a house in Sydney's north-western suburbs. They're looking to buy their first home but, despite good jobs and a decent deposit, they're finding it tough. "I think we're competing with a lot of people that would be happier to take a lot more risk," Brendon says. ...