News

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.

While investment in the Melbourne and Sydney property markets cools, economic advisers have started looking out west to Perth as one of the country’s best buyer markets.

The Reserve Bank has left interest rates on hold for the month at 2 per cent, but experts say people shouldn’t expect supercharged house price growth if they are cut again this year.

Vendors are reporting getting great results by using professional stylists to fit out their sale properties.

ANZ economists say they expect interest rates to be cut another further 50 basis points next year to a new record low of 1.5 per cent.