As the recovering property market gains a rapid pace – ANZ economists lifted their original nationwide housing price forecast to 17 per cent increase in 2021.
Melbourne is predicted to increase 16 per cent – the largest single-year increase since 2010 and the fastest growth rate since the late 1980s.
Sydney is estimated to jump the highest, with an increase of 19 per cent as buyers take advantage of record low interest rates, high savings and government incentives.
With these markers in place, strong growth is imminent for all areas, both rural and metropolitan – while the federal treasury assures buyers that housing will remain relatively affordable.
