House price growth could ease to 4 per cent or lower nationally in 2024, less than half the gains of 2023, as borrowing costs and affordability constraints rein in last year’s remarkable recovery, property experts say. Sydney prices jumped more than 11 per cent, while in Perth , house prices soared by more than 15 per cent in a nationwide rebound which surprised sellers, buyers and pundits alike.
The price rises and ongoing strong demand from migrants are expected to make housing availability and affordability a key political battlefield over the next 12 months, even if the heat may be coming out of the recovery, as forecast by a panel of 10 property market experts and economists polled by. Overall, they take a more sober view on growth prospects for the housing market, with most tipping gains of somewhere between 1 and 5 per cent
House Price Growth Borrowing Costs Affordability Constraints Property Market Sydney Perth Migrants Political Issue
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Beach Umbrellas for Summer 2024Choosing the right beach umbrella is vital for protecting yourself and prolonging your day at the beach. Here are the best beach umbrellas for summer 2024, including the popular CoolCabana Beach Shelter.
Read more »
Colorado Supreme Court Disqualifies Donald Trump from 2024 BallotColorado's Supreme Court has ruled that Donald Trump is ineligible to appear on the state's ballot for the 2024 presidential election, using the 14th amendment to disqualify him. This marks the first time a court has used section 3 of the 14th amendment to disqualify a presidential candidate.
Read more »
Trump's Eligibility for 2024 Presidential Ballot ChallengedThe Colorado Supreme Court has ruled that former President Donald Trump cannot appear on Colorado's 2024 presidential ballot due to his involvement in the Jan. 6, 2021, insurrection. This decision is based on the 14th Amendment to the Constitution.
Read more »
IOC Allows Russian and Belarussian Athletes to Compete in 2024 Paris OlympicsThe International Olympic Committee (IOC) has reversed its ban on Russian and Belarussian athletes competing in the 2024 Paris Olympics, as long as they are politically neutral. This decision has sparked controversy and criticism from Western leaders, particularly in Ukraine.
Read more »
New Year's Eve Outfit Ideas for 2024Get ready for New Year's Eve with these party-appropriate outfit options on sale. Whether you prefer online shopping or visiting brick-and-mortar stores, there are plenty of choices available.
Read more »
United States General Election 2024Information about the upcoming United States general election in 2024, including the presidential nominating contests and the selection of candidates.
Read more »