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House prices in WA forecast to increase 15 per cent this year
House prices in WA forecast to increase 15 per cent this year 12 April 2021 Matthew Hughes Article by: Tess Ingram, Journalist Source: WA Today April 12, 2021 House prices in Western Australia are predicted to increase 15 per cent this year after strong demand fuelled greater than expected gains in the three months to March. The Real Estate Institute of WA is forecasting a 15 per cent surge in house prices in 2021, upgrading its November forecast of a 10 per cent increase over the year. Perth house prices could increase 15 per cent by the end of 2021. CREDIT:PETER RAE The revision from the state’s peak real estate body comes after ANZ hiked its Perth house price growth forecast to 19 per cent for 2021. This is higher than the bank’s expected 17 per cent jump in house prices nationally, which it upgraded in March from an earlier forecast of just 9 per cent. ANZ’s forecast is one of the most bullish among the banks, exceeding Commonwealth Bank’s predicted 8 per cent rise nationally this year. The strong forecasts are driven by the greater than expected price growth recorded over the first three months of the year. Perth’s house prices rose 5 per cent to an average median value of $50
Article by: Tess Ingram, Journalist Source: WA Today April 12, 2021 House prices in Western… Read Article