<p $$hash="11226-0"><span $$hash="11248-0">Sydney and Western Australia could see as much as a ten per cent increase in house prices according to predictions from UBS.
<p $$hash="11239-0"><span $$hash="11238-0">The investment bank believes there will be a new housing boom in the regions, Australian reported, however it may not be all good news.
<p $$hash="11224-0"><span $$hash="11225-0">There have been warnings that any large increases in property values would be “undesirable and dangerous”, with the potential to cause the Reserve Bank of Australia to increase interest rates.
<p $$hash="11250-0"><span $$hash="11249-0">The regions have already seen a small house price increases, with a 3.4 per cent rise in Syndey and 4.3 per cent jump in Perth.
<p $$hash="11252-0"><span $$hash="11251-0">"If house price inflation continues in coming months it is possible that Sydney and Perth may show rolling 12-month house price growth of around 10 per cent by May,” a UBS analyst told the source.
<p $$hash="11254-0"><span $$hash="11253-0">"Given Australian housing is already expensive by most measures, we see this as undesirable and dangerous."
<p $$hash="11256-0"><span $$hash="11255-0">House prices in the south have also seen a lift of around four per cent, according to the Real Estate Institute of South Australia.
Posted by Craig Francis
