Melbourne tipped to become Australia’s house price leader

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The latest Finder RBA Cash Rate Survey, which polled 40 experts and economists, has tipped Melbourne to become the nation’s house price leader over the next 12 months:

Experts are predicting the property market to continue to run for the next 12 months, – especially in Melbourne, where a predicted 9% price increase would increase the average home price to $817,114.

The predicted 8% increase in Sydney would see property prices increase another $76,619 on average.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.