Under the Morrison government’s HomeBuilder plan and the proposal to relax responsible lending, the rapid growth of new home sales has made economists more optimistic about the price, construction activity, and GDP forecasts of detached houses.
Economists also predict that the central bank will not extend the A$100 billion quantitative easing (QE) program in April. UBS analyst Tharenou and Jim Xu said. Economists’ new assessment of the price prospects of detached houses, apart from the release of responsible loans, another key is the vigorous development of new house construction and rapid employment recovery.
“Official data released on Thursday showed that the unemployment rate fell more than economists expected. The RBA underestimated the need for detached house prices and the need for macro review tightening. Therefore, we think the RBA is likely to wait until the government incentives expire.” Say. According to data released by CoreLogic earlier this month, in December last year, the price of single-family houses in Australia’s eight major cities rose another 1%. Sydney house prices have risen by 2.7% last year. Other economists are optimistic about the price of detached houses.
https://www.afr.com/policy/economy/ubs-sees-10pc-rise-in-house-prices-20210121-p56vvj