Michael is joined by Gareth Aird, CBA’s head of Australian economics, for his insight into the predictions that Sydney’s house prices will climb 7.5 per cent this year and 5.8 per cent in 2022.  Also tipped is Melbourne prices to increase 7 per cent in 2021 and another 5 per cent the following year.

Commonwealth Bank economists believe a new housing boom will push home prices in Sydney and Melbourne up by at least 12 per cent over the next two years as banks drive lending rates below 2 per cent.

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