Australian Housing Market Predictions 2024. Cba is predicting 5 per cent growth across australia in 2024, with sydney’s house prices to rise by 4 per cent, and melbourne’s by 5 per cent. Why are investors selling out, and what does that mean for renters?
Foreign investment in the australian new housing market increased for the fourth straight quarter to 10.1% (4.1% for established houses), driven by more foreign buyers snapping up properties. That momentum supported unanimous expectations that house prices nationally would increase in fy24, according to a survey of 10 economists and analysts conducted by.
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