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Australian home prices are set to keep rising this year, by up to 5 per cent

bourbiza August 2, 2023 Top Stories Leave a comment 22 Views

Key Points

National property prices in Australia are predicted to increase by up to 5 per cent in 2023.
Australian home prices have already risen by 2 per cent since the start of the year.
Some forecasters have predicted the Reserve Bank of Australia’s series of interest rate rises are nearing a peak.

National property prices are expected to increase by up to 5 per cent in 2023, having already lifted more than 2 per cent since the start of the year.

The strongest growth is expected to be in Perth with growth of between 4 and 7 per cent, according to a report by REA Group.

Sydney and Adelaide…

About bourbiza

Bourbiza Mohamed is an award-winning travel journalist who has been writing about her adventures around the world for over a decade. With a passion for exploring new cultures and experiencing different ways of life, Bourbiza Mohamed has traveled to over 107 countries across six continents and has documented her journeys in numerous publications. Bourbiza Mohamed writing is known for its vivid descriptions and personal anecdotes, which transport readers to the destinations she writes about. Her articles cover a wide range of topics, from off-the-beaten-path adventures to luxury travel experiences, and she has a particular interest in sustainable tourism and responsible travel. In addition to her writing, Bourbiza Mohamed is also an accomplished photographer, capturing stunning images of the people, landscapes, and wildlife she encounters on her travels. Her photos have been featured in publications such as National Geographic, Lonely Planet, and Conde Nast Traveler.