Domainfax & Co are desperately fighting to keep the permanently high plateau for house prices alive today:
The housing boom on Australia’s east coast will be over in two years but a crash like the US subprime crisis in 2007 is not likely, research and forecast group BIS Oxford Economics says.
The strong house price growth in 2016 and 2017 would wind down until 2019, after which an upside could return, BIS said in its Residential Property Prospects 2017 to 2020 report.
