The CEOs of Australia’s two biggest banks have forecast house price growth of at least 10 per cent this year, building on the strong uplift in February and March but moderating as the year unfolds.
Commonwealth Bank chief Matt Comyn said the bank has upgraded its property price forecast for calendar 2021 following an “acceleration” in property prices earlier this year.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
