Extraordinary! From AFR today
Sydney house prices are expected to rise as much as 10 per cent this year, propelled by surging migration, a tight rental market and scant housing supply, according Westpac’s latest forecast.
Westpac has significantly upgraded its expectations, tipping dwelling prices to rise 7 per cent nationally this year followed by a further 4 per cent next year.
After notching up 10 per cent this year, Sydney prices are anticipated to gain another 6 per cent in 2024, and 4 per cent in 2025 in Westpac’s revised view. Perth is expected to achieve the second strongest growth, with an 8 per cent gain this year, followed by Brisbane with 6 per cent and Melbourne prices at 4 per cent.
“Australia’s housing market has continued to outperform expectations, particularly with respect to prices,” senior economist Matthew Hassan wrote in his analysis on Monday.
Extraordinary! From AFR todaySydney house prices are expected to...
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Last
$3.78 |
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0.000(0.00%) |
Mkt cap ! $1.104B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.80 | $3.74 | $3.469M | 921.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 1820 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.78 | 20198 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$3.76 |
Change
0.000 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| $3.78 | $3.80 | $3.74 | 312104 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| HLI (ASX) Chart |