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ANZ says House prices to bottom out by mid-202. Is this a window of opportunity for first time buyers with help from the Bank of Mum & Dad?

ANZ says House prices to bottom out by mid-202. Is this a window of opportunity for first time buyers with help from the Bank of Mum & Dad?

House prices to bottom out by mid-2021: ANZ

House prices are set to bottom out by June next year, helped by improving affordability, but a recovery is likely to be held back by high unemployment that is expected to remain above 7 per cent until 2022, ANZ predicts.

While mortgage deferrals allowed by lenders will help stem large-scale forced sales, weaker household income, lower population growth and a “collapse” in the rental market would depress the market over the coming years.

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

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