Dwelling price outlook – smaller falls now more likely

The decline in dwelling prices nationally since the outbreak of COVID-19 has been smaller than anticipated.  But capital city variation has been wider than expected.  In this podcast, Gareth Aird, Head of Australian Economics and Belinda Allen, Senior Economist discuss the drivers of dwelling prices and the recently revised forecasts. A smaller peak to trough fall is now expected and a solid recovery is anticipated in the second half of 2021 as interest rates return to be the dominant driver of prices.

 

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