Property prices: The best, worst and most affordable suburbs heading into 2023

CoreLogic has revealed the best, worst and affordable suburbs, casting its eye towards how prices will shape up in 2023. Photo: TND

Australia’s housing market downturn has slowed before Christmas, but experts are divided about whether property prices will bottom out in the New Year, or re-accelerate.

CoreLogic’s head of research Eliza Owens said in a new report on Tuesday that property prices are now falling slower, with declines nationally easing from 1.6 per cent in August to 1 per cent in November.