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Big bank lifts housing outlook
Publisher/s
MPA Mag
Author/s
Steven Byerley
Abstract
Major bank joins others in a more optimistic outlook for house prices By Steven Byerley Westpac has revised its forecast for national house price inflation to 7% for the year 2023, aligning with the optimistic outlook shared by the Commonwealth Bank and National Australia Bank.
This update comes after Westpac initially predicted a stable housing market for the same period in April, The Australian reported. The new forecast from Westpac is further bolstered by expectations of a 4% price rise in 2024.