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House prices on the up as Australia comes out of COVID

Historically low interest rates and rising buyer confidence are fuelling forecasts of house price rises across all Australian cities, with investors tipped to pour into property markets as other asset classes remain volatile.

Sold sign outside house
Property markets are expected to heat up signficantly in key markets over the next 12 months. Photo: Shutterstock

Historically low interest rates and rising buyer confidence are fuelling forecasts of house price rises across all Australian cities, with investors tipped to pour into property markets as other asset classes remain volatile.

The shift in consumer sentiment is a swift turnaround from the property price plunge prognostications that were widespread in the early stages of the pandemic.

In May, the Commonwealth Bank of Australia sent shudders throu…