CBA Tips Housing Growth
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CBA Tips Housing Growth

With as much as 16 per cent growth predicted.

By Terry Christodoulou
Tue, Feb 16, 2021 4:13amGrey Clock < 1 min

The Commonwealth Bank of Australia is forecasting a surge in house prices over the next two years.

The latest figures to come from the bank indicate as much as 16 per cent for housing prices alongside a unit price growth of nine per cent.

This comes as lending rates have lifted sharply, signalling a housing market is on the “cusp of a boom”.

“The increase in new lending is now feeding into higher prices for bricks and mortar,” says CBA economist Gareth Aird.

In the Bank’s most recent economics issues report, released today, the CBA reported that the predicted boom was to come off the back of record low interest rates and a labour market that is set to rebound sharply.

This, combined with rental yields that arrived well above the borrowing rates means that property markets will, in theory, rise.

“The CBA is reporting positive momentum is building within the property market and “as the market firms, would-be buyers are more confident to purchase and this brings other buyers into the market,” adds Aird.

And although the news is positive for homeowners, it is less so for unit-owners, with a 7 per cent growth disparity between houses and apartments.



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Jennifer Lopez and Ben Affleck have officially put their massive Los Angeles mansion on the market for $68 million.

The lavish Beverly Hills property hit listing sites on Thursday, months after rumours began that the couple, who are reportedly estranged , were shopping the home around only a year after buying it for nearly $61 million.

The roughly 5-acre property—which is in a gated community and spans a massive 38,000 square feet—includes an indoor sports court with an adjacent gym and games room, according to the listing with Santiago Arana of the Agency. The firm declined to comment.

Lopez and Affleck paid $60.8 million for the compound in 2023.
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Built in 2000, the house has 12 bedrooms and a whopping 24 bathrooms. The resort-sized property has the amenities to match, including a V-shaped pool with views over the surrounding hills, a detached two-bedroom guardhouse and a 5,000-square-foot guest penthouse, according to the listing.

Listing images of the house show that Lopez and Affleck have spent the past year warming up what were fairly white-washed interiors when they purchased the home. There’s now a rich, green-painted dining room, hardwood floors and carpeted over cold, polished-stone flooring.

The couple, who got married in 2022 after reuniting some 20 years after they called off their engagement in the early 2000s, purchased the megamansion following a house hunt that went on for several months, The Wall Street Journal reported at the time.

Representatives for Lopez, 54, and Affleck, 51, did not immediately respond to requests for comment.

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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