Caught in a cost-of-living crisis, with mortgage repayments having surged and electricity bills following suit, many homeowners can take solace in one reassuring fact: property values across most of the country are forecast to rise through 2024.
The nation’s banking and property experts are expecting the median house price to jump by up to 5 per cent nationwide in the next 12 months.
A shortage of buyer choices and lingering fears of a Reserve Bank-driven mortgage cliff will keep prices growing or steady and many homeowners across the nation will be relieved as they prepare for the added bonus of a rate cut or two on the horizon.
About the writer
Ian Pepper has had a long and distinguished career as a finance and real estate professional. Originally trained as a Chartered Accountant in 1995, Ian worked in Sydney and London. He has an MBA from Macquarie Graduate School of Management and now sells real estate with Ray White Helensburgh. Ian also volunteers with local community groups including school P&Cs, sporting clubs and business chambers.
