Westpac economists expect Australia house prices to rise 5% in 2020
By Sophia Rodrigues
Published On 25 Nov 2019 , 11:55 AMEconomists at Westpac expect Australia's house price upswing to continue in 2020, rising 5%, but with getting capped in Sydney and Melbourse due to affordability issues. Displaced demand from Sydney would lift prices in other cities, most notably Brisbane, they say. Their forecast is for Sydney and Melbourne prices to rise 6%, after estimated gains of around 4% this year. Brisbane prices would rise 8% but Perth is expected to fall 0.5%, they say.
LATEST SNIPPETS
RBA buying A$3B bonds, April 2026-April 2029 maturity
The RBA is continuing with its bond-buying spree under the yield target policy but after two days of focusing on the...
Published on : 30 Mar 2020 , 11:57 AMRBA to publish minutes on April 1 of special March board meeting
RBA will publish on April 1 the minutes of the special monetary policy announcement made on March 19. The meeting too...
Published on : 23 Mar 2020 , 06:15 PMRBA Parliamentary Hearing Bit Unusual But Not Extraordinary
RBA deputy governor Guy Debelle will be appearing before the Economics Legislation Committee in Canberra late evening...
Published on : 04 Mar 2020 , 03:26 PMEx-centralbanker Says RBA Might Do 25+25, Not 50
An ex-centralbanker with strong experience in monetary policy during the global financial crisis says the RBA is more...
Published on : 02 Mar 2020 , 02:44 PMWestpac Evans Expects RBA Cut Tue, QE by mid-year
Not much forecasting on RBA by Westpac's chief economist Bill Evans other than a 25bps cut in the cash rate...
Published on : 02 Mar 2020 , 11:14 AMAustralia Westpac-MI Consumer Sentiment Up But House Price Expectations More Imp For RBA
Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...
Published on : 12 Feb 2020 , 10:41 AMMy tweets from first session of RBA's Parliamentary testimony today
RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...
Published on : 07 Feb 2020 , 10:59 AMWestpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)
Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...
Published on : 24 Jan 2020 , 11:26 AMANZ No Longer Forecasting RBA Feb Cut
Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...
Published on : 23 Jan 2020 , 01:37 PMAustralia Consumer House Price Sentiment Could Justify RBA Hold in Feb
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...
Published on : 22 Jan 2020 , 11:36 AM