Bank bosses predict continual housing price growth

Sky News Business Editor Ross Greenwood says in many areas house prices are now either equal or above where they were “before coronavirus hit”.

“There’s strong demand for housing, interest rates are in the ones,” Mr Greenwood told Sky News.

It comes as CEOs of some of Australia biggest banks are predicting house price growth over the coming year.

Housing price growth of 10 per cent or more is being forecasted as the market continues to boom.

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