Quantcast
news.com.au 20 Nov, 2021 03:15 am

NAB upgrades 2022 housing price predictions, ANZ picks year they will fall

NAB upgrades 2022 housing price predictions, ANZ picks year they will fall
Economists have revised their predictions for residential property prices, including when they will stop rising and actually fall, while a real estate investment company says there will be a rush on a certain price band as interest rates start to climb from historic lows.

” Picture: NCA NewsWire / John Gass ANZ senior economists Felicity Emmett and Adelaide Timbrell agree the double-digit gains in house prices over the past year won’t be repeated in 2022, with recent weakness in housing finance suggesting price growth will continue to ease over coming months after peaking in March.The gap between house prices and apartments may be closing as more people look to buy into smaller, more affordable dwellings, Wealthi says.” He said the gap between house prices and apartments and townhouses had been large this year but may be closing as more people look to buy into smaller, more affordable dwellings.Australian dwelling values rocketed 22 per cent in the past 13 months, CoreLogic data shows, and are tipped by National Australia Bank’s economics team to hit 23 per cent by the end of this year.

7 per cent over the past 20 years but Australian dwelling values have soared 193.7 per cent in the past 20 years, Australian home values have grown 193.

Read full story at news.com.au