1 year ago
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Annual forecast by Domain sees house prices going almost 10% higher, while national airline plunges to 17th in world rankings. Follow live
Good morning and welcome to our rolling news coverage. I’m Martin Farrer and I’ll be be running through a couple of the best overnight news lines before Amy Remeikis takes charge.
A big influx of migrants in the next year will keep the recovery in house prices bubbling along into next year, despite the headwinds of higher interest rates and tighter household budgets, according to the Domain group. It says Sydney, which led the downturn last year, will lead the rebound with a rise of between 6% and 9% in the next 12 months, lifting the city’s median price to a record of just over $1.6m. Perth and Adelaide will see new records as well with Melbourne and Brisbane just short. It will also keep pressure on rents as the Greens felt pushback from Labor states over their hope for rent freezes.
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