House prices surge again as stimulus keeps market pumping

Original article by Michael Bleby
The Australian Financial Review – Page: Online : 4-Jan-21

Figures to be released by CoreLogic on 4 January are expected to show that house prices in Australia’s five mainland capital cities rose by 0.9 per cent in December. Brisbane house prices are predicted to have risen 1.2 per cent in December, Melbourne is tipped to show an one per cent increase, while Sydney house prices are expected to have risen 0.7 per cent. AMP Capital chief economist Shane Oliver says house prices are being pushed up by a range of factors, including record low mortgage rates, but issues such as high unemployment and subdued rental markets are likely to weigh on inner city areas and units in Sydney and Melbourne.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s