Whether you are planning on buying a home or selling one in 2023, it is essential to understand property forecasts for the Australian housing market. Several factors will influence the future of property prices, including interest rates and the economy. These will play a significant role in determining the Australian housing market predictions for 2023.
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Australian house prices are expected to fall in 2023, according to the Commonwealth Bank. This is a result of a rapid tightening cycle.
Australian house prices are expected to fall in 2023, according to the Commonwealth Bank. This is a result of a rapid tightening cycle. Consequently, the value of the existing housing stock is predicted to fall in 2023 by about five percent nationally.