BIS Shrapnel: House prices poised to rise, not burst

AUSTRALIAN house prices will rise for the next three years on the back of the country’s robust economy, according to a BIS Shrapnel report. The report, commissioned by  QBE and written by BIS Shrapnel, forecast median  house price growth of 20 per cent in Perth, Sydney and Adelaide over the next three years, with prices in every major city in Australia rising by 9 per cent or more. The survey comes at a crucial time in sentiment surrounding the  Australian housing market . Recent data shows pricing in the market is starting to slow, while international investors and even the  International Monetary Fund have recently argued the local housing market is overvalued.

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