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The Guardian - AU
The Guardian - AU
National
Peter Hannam Economics correspondent

Australia’s property market faces fresh peaks and troughs with slowing prices and interest rates tipped to drop

Tim Lawless Australia Interest Rates CoreLogic RBA
A ‘for sale’ sign for a home in Brisbane's west
CoreLogic’s home value index rose 8.1% nationally in 2023, more than reversing the 4.9% retreat in the previous year but far short of the 24.5% jump in 2021. Photograph: Dan Peled/AAP

Australia’s “rollercoaster” real estate market faces fresh peaks and troughs in 2024 as the prospect of falling interest rates contend with a recent slowdown in price increases.

Renters, meanwhile, are experiencing smaller increases in payments but the share of income going to rent remains at near-record levels with little relief in sight.

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