Westpac expects house prices to surge 15 per cent in late 2021

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Westpac expects house prices to surge 15 per cent in late 2021

Experts have projected that house prices could fall dramatically due to the COVID-19 pandemic. They also predict that in the two years from June 2021, dwelling prices will rebound by 15 per cent. Westpac is expecting Melbourne house prices to fall by 12 per cent between April and June next year, while Sydney prices are anticipated to decline by 5 per cent. The Brisbane property market is tipped to fall by at least 2 per cent, while Perth prices are predicted to remain flat. Adelaide dwelling prices are expected to rise by 2 per cent over the period.

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