They found that "Stable interest rates and improving economic conditions will drive rising house prices in the next three years, with Perth and Sydney leading the way."
QBE Lenders' Mortgage Insurance (QBE LMI), which supports lenders, has forecast price growth of up to 20 per cent in Sydney and Perth as business and consumer confidence improves.
Confidence among first home buyers and renovators is expected to improve and lead to residential price growth in the next 12 months, QBE LMI said in a housing outlook report."
Read more in SMH or call me on 02 9212 2275 if you want to get in and organise your finances to buy before the prices rise. It's a great time to buy property!
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