With a rate cut imminent, what would be the impact on house prices?
With inflation now edging towards three per cent and markets are now pricing in potentially four rate cuts next year, it is possible that we will see a rate cut before the end of the year.
Interest rates remained on hold today. Inflation is now sitting at 3.6 per cent, higher than hoped, but still showing a decline from 4.1 per cent recorded in December.
Perth is now the strongest property market in Australia when it comes to house price growth. Like the rest of Australia, many of the expensive suburbs are leading the charge.
Predictions for 2024 for Australian housing markets
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 across Australia in 2023.
Regional Australia house prices are back to growth
It is hard to find a capital city suburb that is not recording price growth. In regional Australia however, the direction of price movements is far more mixed.