PHOTO: Housing sentiment has picked up sharply in recent months. Photo: undefined
Dwelling prices in Melbourne could rise by 15 per cent next year and Sydney could jump 14 per cent amid strong population growth and cheap credit, new research predicts.
Other capital cities could also get a boost, with prices in Brisbane, Canberra, Hobart and even Perth tipped to lift, according to SQM Research.
The forecasts come as housing sentiment picked up sharply in the wake of the clear federal election result, three cuts to the cash rate and a move by bank regulator APRA to let home buyers borrow more money.
“These are strong numbers, no doubt about that,” SQM founder and managing director Louis Christopher told Domain.
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