Auction Results Sydney 10 July 2021
Auction Results Sydney
Comment: Auction Results Sydney
Covid restrictions were putting the brakes on new listings but would do little to derail buyer confidence, said Realestate.com.au head of economic research Cameron Kusher. Melbourne’s four month lockdown discouraged sellers more than buyers.
With no signs of rising inflation yet, it would likely take years of strong economic growth before there was a significant increase in interest rates. Until interest rates lifted from the floor, housing was still a good buy, according to the chief economist for the Centre for Independent Studies Peter Tulip.
AMP Capital chief economist Shane Oliver expects house prices could rise about 25 to 30 per cent before peaking by 2023. NAB chief economist Alan Oster said he expected house prices to rise by about 28 per cent during this current cycle.
With a chronic shortage of properties for sale, there is still plenty of growth to come…
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