Australian home prices fell 0.5% in March, according to CoreLogic, seeing annual growth slow to 4.8%. ANZ Bank doesn't expect the weakness will last much longer. Based off its house price model, it says stronger incomes growth and stability in official interest rates this year should mitigate new housing supply hitting the market After updating its Australian house price model, ANZ says weakness seen in recent months will soon come to an end, leaving annual price growth higher both this year and next. "The model’s forecasts are broadly unchanged, predicting an annual increase in prices of 2% in 2018 and 4% in 2019," say Jack Chambers and Jo Masters, members of ANZ's Australian economics team. Business insider Australia David Scutt
