As stated in the following article by QT, there are signs that we will see continued growth in the Australian housing market - First home or investment property: Which is better for buyers | The Courier Mail
Interest rates are at an all time low, the government has put in place incentives for first home buyers, and there is pent-up demand in suburbs nationwide.
Prices in Sydney have already gone up 11.9%, with the overall price growth forecasted to be almost a 20% increase by end of 2021. Prices are rising at the fastest rate since the late 1980s.
As noted by Louis Christopher from SQM Research, the federal government generally doesn't allow housing crashes to happen in Australia.
While interest rates remain low and there are no major unexpected moves in government policy (and provided that COVID is kept under control), the indications are that we will see continued growth in the Australian housing markets.
