House prices in most key markets will rise modestly this year and next on expectations mortgage rates will fall further and help to marginally improve...
BENGALURU - House prices in most key markets will rise modestly this year and next on expectations mortgage rates will fall further and help to marginally improve affordability of expensive property, a Reuters poll of analysts showed.
But compared with recent episodes of expected central bank policy easing, the forecast price rises are tame. A near-80% majority of analysts, 82 of 106, who answered an additional question said affordability will improve for first-time homebuyers over the coming year. The remaining 24 said it would worsen.
Average home prices in Australia were forecast to rise more than 6% this year, again on tight supply, bringing average prices above their pandemic peak too.
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