Will house prices rise in 2024?

Economists from the big four banks are predicting a rise in house prices of between 3 per cent and 5 per cent in 2024. A lack of housing supply is keeping prices higher, they say. If interest rates rise in November, many believe it will be the last, before cuts start later in 2024.

Will national property prices record a new peak by January 2024?

Thus, provided that the price continues to follow the same trends of the past quarter, national property prices are expected to record a new peak by January 2024. There is some possibility that the price growth may slow down.

Will we see the same rate of value growth in 2024?

Mr Lawless believes we won't see the same rates of value growth in 2024. (ABC News: Liz Pickering) Hobart was one of three capital cities to record a decline in values over November, albeit a small one. Looking at annual figures, Hobart dwellings have recorded a 3 per cent decline.

What is the housing boom & bust forecast for 2024?

SQM Research managing director Louis Christopher has made the prediction in his annual Housing Boom and Bust Report, which forecasts the outlook for the year ahead. While his "base case" forecast is for average city prices nationally to move in a range of -1 to +3 per cent in 2024, he expects any gains to be concentrated in just two capitals.