Here’s the bank economist’s forecasts for property prices in 2021

Westpac recently released an upbeat forecast for house prices in the next couple of years and just like the CBA has backtracked from it’s more pessimistic outlook and predicts house prices rebounding from mid next year. Westpac expects Brisbane house prices to surge 20 per cent over two years after the market bottoms out in […]

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The Working from Home Phenomenon Will NOT Impact Property Prices

Are you considering buying property based on recent headlines that working from home is a game-changer for property? I know I read in the media, almost every day, that this new working from home phenomenon will apparently lead to a boom in regional and seaside towns. I remember reading similar headlines over a decade ago, […]

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Property Pessimists wrong again – 0.4% fall in property prices in August

Australian home values moved through a fourth month of COVID-induced falls, with the CoreLogic home value index recording a 0.4% fall in August. Although housing values continued to trend lower from their pre-COVID highs, at least from a macro perspective, the rate of decline has eased over the past two months and five of the […]

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Will property prices fall after September?

Amid unprecedented economic uncertainty, many of us are waiting with bated breath to determine what will happen to the property market in the months ahead. The question on everyone’s lips is “will house prices fall”? What are the Bank’s economists predicting? Predictions from the banks and industry have varied widely. The Commonwealth Bank has predicted […]

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Property prices fall but avoid the predicted major slump: Domain House Price Report

House prices have fallen nationally by just 2 per cent over the last March-to-June quarter according to the latest Domain House Price Report. Yet some of the headlines in the media say “Property prices plummeting” Far from it! At a time when unemployment is rising and household incomes are shrinking, our housing markets have remained […]

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Brisbane Property Prices to Defy the Critics and Strengthen in 2020

How is the market going? It is probably the question I am asked most, sometimes many times each day. Specifically referring to the Brisbane market, as I have been buying for our clients here for over a decade and investing for myself for close to two decades. In my position, there is one thing I […]

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Australian house prices starting to fall but the collapse has been averted

How much have property prices in Australia fallen? Should we expect an even greater fall? These questions were answered in a recent Oliver’s Insight, by Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital. Back on 19th March when we first looked at the impact of the intensifying shutdown of the Australian economy on […]

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