A message to not be alarmed by Treasury's forecast for house price growth to slow
A message to not be alarmed by Treasury's forecast for house price growth to slow
21 May 2021
It's Budget 2021 forecast has growth expected to peak at 17.3 per cent in June - before dropping to 0.9 per cent next year.
Independent economist Cameron Bagrie says forecasting a slowing of appreciation in coming years is a reasonable expectation.
He says Treasury's forecasts are actually more optimistic than some others.
Cameron Bagrie says other forecasts - like Westpac's - have house prices actively falling next year on the condition of rising interest rates.
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