News

ANZ tips Australian capital city house prices to rise 17% in 2021

25 March 2021

House prices in Australian capital cities have been tipped by ANZ to rise 17 per cent this year, to be headed by Sydney and Perth.

Those two capital cities in particular have been forecast to rise by 19 per cent in 2021 by the major bank.

Melbourne house prices are looking at rises of 16 per cent, similar to numbers expected in Brisbane, with Adelaide forecast to come in at 13 per cent.

ANZ say the first half of the year is expected to be the best, with the end to stimulus measures like JobKeeper and HomeBuilder eventually having an impact as well as higher fixed mortgage rates as the year rolls on.

“What we’ve seen is a combination of quite strong demand and relatively low supply,” ANZ senior economist Felicity Emmett told Domain.

Ms Emmett said she expects the Australian Prudential Regulation Authority to intervene with measures to put some brakes on house price growth heading into next year,

As a result, ANZ forecasts annual house price growth to slow to 6 per cent in 2022.

 

Latest

The best thing you might want to do if investing in commercial property is assemble a ‘dream team’ of experienced operators that understand the process and understand why you are investing.

Read more

Mortgage Professional Australia has announced that Perry Finance Director and Melbourne Finance & Equity Group CEO Cameron Perry is one of MPA’s Top Ranked Commercial Brokers of 2022.

Read more

Prospective home buyers and investors are being warned to temper their expectations as the dust settles on the Reserve Bank’s first interest rate rise in years.

Read more

The Reserve Bank this week pulled the trigger on interest rates as expected, hiking the official cash rate by 25 basis points to 0.35 per cent.

Read more