Economists are predicting house prices to get a bump up from rattled stock market investors looking to invest in property after last week’s market turmoil.
The value of reverse mortgages in Australia has grown to $3.7 billion according to a new Deloitte report, with an increasing number of retirees using them to supplement their superannuation retirement income.
Economists have slammed recent claims there could be a drop of up to 7.5 per cent in house prices next year.
Earlier this week Macquarie predicted a drop in house prices of 7.5 per cent across the country in 2016.
Investor-owned homes across Melbourne are sitting empty, as knew figures from a Prosper Australia study show there’s more idle houses and apartments than first thought.
