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Australian home prices set for modest gain, Westpac, NAB say

Posted on 10 April 2013

Australian home prices will see a modest improvement as consumers remain conservative about their level of indebtedness, Westpac Banking Corp. (WBC) and National Australia Bank Ltd. (NAB) forecast.
“We’re not looking for another huge surge in prices or activity that we saw in, say 2009, or that we saw in 2001,” Bill Evans, chief economist at Westpac, said at the Bloomberg Australia Economic Summit in Sydney today. “The housing market will improve but it won’t improve to the point that people are becoming over-leveraged or we’d start to see real issues in our loan book.”……………………………………….Full Article: Source


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