Housing Market 2024 Australia Forecast

Housing Market 2024 Australia Forecast. Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents. He predicts that sydney house prices will rise by as much as 11 per cent and melbourne prices by 7 per cent, highlighting the expected surge in immigrants this year.

As we move towards the end of a year characterised by housing shortages, spiralling home and rental prices, and rapidly ascending interest rates, many australians have been left wondering what 2024 has in store for us. Perth house prices are set to grow 10 per cent in 2024, according to reiwa’s 2024 property market quarterly update.