Stable house prices could be here to stay, says senior economist
A senior economist at the Commonwealth Bank of Australia says the property market could be improving as prices remain stable for the second month in a row.
CoreLogic’s results for July show the value of property in Australia’s capital cities has increased by 0.1 per cent following a slight increase the month before.
CBA Senior Economist Gareth Aird tells Ross Greenwood the analysis is positive.
“I think today’s numbers are actually going to be the start of a trend.
“We see some modest rises across Australia’s biggest capital cities.”
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CoreLogic head of research Tim Lawless tells Ross prices aren’t necessarily on the rise.
“We’re not seeing a surge in values or a rapid recovery… It looks more like a stabilisation to me.
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