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Capital city home prices decrease for the first time in over a year

Growth in regional areas keeps national home prices steady ....

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Not even the mortgage deferral 'cliff' will stop Australian house prices from climbing in 2021, REA predicts

Typical new homes in Australia
The end of mortgage deferrals on March 31 is unlikely to slow rising house prices, REA Insights state in a new report.
“I expect that any increase in forced sales will be small and property prices will keep rising,” said Cameron Kusher, REA Group Director of Economic Research.
REA says house prices rose 0.4% nationwide in February, buoyed by low interest rates and relatively low rates of housing stock.
Not even Australia’s mortgage deferral ‘cliff’ will stop house prices from surging in 2021, according to new analysis from REA Insights.
In its new Home Price Index Report, released Tuesday, REA states home prices nationwide rose 0.4% over February, and climbed 5.9% over the year. ....

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