Housing Market 2024 Australia

Housing Market 2024 Australia. Over in western australia, perth recorded the biggest increase to property prices in may, while hobart and darwin were the only two cities that saw prices fall slightly. However, as the market starts to turn with softening.

Australia’s housing supply is low by international standards. Will the australian property market rise in 2024, or will interest rates and the increased cost of borrowing, rein in prices?