Westpac revises house price forecasts
Monday, June 20th 2016, 9:46AM
Westpac says it has revised upwards its forecast for house price growth. It is now predicting a 14% increase in house prices nationwide this year. That even includes an allowance for more restrictions on mortgage lending by the Reserve Bank at some point this year. Depending on the form that these take, they may slow the rate of house price growth for some time, but are unlikely to constitute a circuit-breaker, the bank's economists say.
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