Auction Results Sydney 20 November 2021
Auction Results Sydney
Comment: Auction Results Sydney
House prices are still set to grow faster than wages next year, economists warn. Wages growth and house price rises had made it “extremely difficult” for those who did not already own property to get into the market.
Weekly pay rose by 2.2 per cent nationally over the year to September and Sydney house prices up by more than 30 per cent over the year.
ANZ forecast that house prices would continue to rise – by just over 6 per cent next year – before falling by around 4 per cent in 2023 due to affordability constraints, influx of listings and a rise in mortgage rates.
Westpac senior economist Matthew Hassan believes the Reserve Bank would raise the cash rate by early to mid-2023 by 15 basis points, with other rises expected later in the year.
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Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing proper