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Australia Housing to Rise 10% in 2021, Risks Ahead, Goldman Says
- Property-price gains set to cool to 5% in 2022 and 3% in 2023
- Housing could add +1 percentage point to GDP in coming years
Australia’s housing market has gathered strength as the economy recovered, with February recording the biggest monthly price gain in 17 years.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
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Australian house prices will advance 10% this year, fueled by low interest rates and improved sentiment, but there are risks ahead including a potentially more hawkish Reserve Bank, Goldman Sachs Group Inc. said.