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AAP
AAP
Business
Jacob Shteyman

Pedal to the metal for home prices as rates fall

Nicola Powell Domain Melbourne Sydney
A new report says Sydney is set to retake the title of Australia fastest growing property market. (Dean Lewins/AAP PHOTOS)

Interest rate cuts and government first homebuyer schemes will put a rocket under property prices over the next financial year.

The value of a median house in Australia will grow six per cent to $1.26 million in 2025/26, Domain predicts in its latest price forecast report, up from an increase of four per cent the previous 12 months.

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