CBA tips large lift for Aussie house prices
Australia’s biggest bank says property markets are about to boom, less than a year after spooking housing markets across the country with doomsday predictions of price plunges of more than 30 per cent.
Commonwealth Bank's forecasts are much more rosy than they were for much of 2020. Photo: Shutterstock (Image source: Shutterstock.com)
Australia’s biggest bank says property markets are about to boom, less than a year after spooking housing markets across the country with doomsday predictions of price plunges of more than 30 per cent.
The Commonwealth Bank of Australia this week released its updated forecasts for Australian dwellings, tipping price rises of 16 per cent for houses and 9 per cent for units across all markets.
“The Australian housing market is on the cusp of a bo…
