There was a startling recent forecast that house prices will rise 20 per cent in this cycle.
It was made by respected housing commentator Christopher Joye, who co-wrote a 2003 report commissioned by The Menzies Research Centre for the Prime Minister John Howard’s Home Ownership Task Force.
When house prices were still in decline last April, Joye forecast a sharp 10 per cent rebound based on an assumption of two quick RBA cash rate cuts.
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Source: News.com.au
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