archerwealth

  Frustrated house hunters holding out for a property bubble to burst could be waiting a long time, according to an industry insider who warns there is no price balloon to pop. In fact, not only will there be no crash on the horizon, according to EG Advisory managing director and urban planner Shane Geha,  private mortgage Melbourne  he said already soaring real estate prices will continue to rise across most Australian markets before they slow down. “Four months into the pandemic last year and most serious economists were saying that this year would see a recession and that property prices would collapse. I was one of the few predicting that property would actually go up by 30 per cent,” he said. Nationally, dwelling prices have increased by more than 20 per cent in the past 12 months. CoreLogic’s September national home value index rose another 1.5 per cent, taking Australian housing values 20.3 per cent higher over the year. That pace of annual growth is now the fasted...