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Politics

Poppy Johnston

Subdued 2024 for property as rate pain hits home

Louis Christopher SQM Research Australia Perth Brisbane

One analyst says most capitals will see flat or weaker house prices in 2024 as higher rates bite. (Bianca De Marchi/AAP PHOTOS)

Lacklustre growth or even a mild correction in Australia's housing market has been forecast for 2024 by a key property analyst based on the belief higher interest rates will really start to bite.

SQM Research's managing director Louis Christopher is tipping the average dwelling price in Australia to grow by as much as three per cent, with the lower end of the base forecast range a one per cent decline.

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