PHOTO: House prices will push modestly higher this year and pick up pace in 2019, according to ANZ economists. Photo: Jessica Shapiro
Australian house prices will push modestly higher this year and ramp up in 2019, according to ANZ economists, who say outright price falls are off the table.
National house prices are just 0.8 per cent higher than they were 12 months ago – a far cry from the 10 per cent growth seen in the previous year – but ANZ doesn’t expect the slowdown to deepen from here.
Total growth of 1.8 per cent across the country is now forecast this year by ANZ, picking up to 3.6 per cent growth in 2019, with Melbourne and Hobart expected to outperform.
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