As long as demand outstrips supply -- there'll be enduring pressure on house prices
As long as demand outstrips supply -- there'll be enduring pressure on house prices
21 May 2021
The Treasury's forecasting a sharp adjustment in prices -- with growth expected to peak at 17.3 per cent in June -- before dropping to 0.9 per cent next year.
The Real Estate Institute's acting chief executive Wendy Alexander says lack of supply will continue to be an issue.
She says it's got to apply pressure and that pressure will be upwards.
Alexander says there'll be an easing in growth -- but their calculations don't have it as low as 0.9 per cent.
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