Mortgage News

SMH has presented a report complied by Westpac that predicts only 3% of people expect housing prices will fall this year. This is in comparison to surveys carried out same time last year, which resulted in expectations that a third of all homes would drop . 84% of people expect housing prices will increase this year, with sales and auction volumes returning to effectively what they were back in 2007 before the downturn.

Simon Reibelt from Oasis Home Loans Northern Beaches said that these results showed that people had renewed confidence in the housing sector and that this would transition into more sales. With more momentum in sales would come even further growth and confidence.