Market Update & Property Forecast for 2024

This video provides a comprehensive market update and shares insights from Domain's latest report on property price forecasts for the next 12 months. According to the report, Sydney house prices are expected to rise by 8%, translating to an increase of $130,000 to $400,000 by the end of this financial year. By July next year, the median house price in Sydney will have increased by approximately $132,000.

Other cities like Brisbane, Perth, and Adelaide are expected to hit new price peaks. Perth is leading the charge with a 10% increase, followed by Adelaide at 9% and Sydney and Brisbane at 8%. The overall average increase for Australia is projected to be around 6%, covering both regional centres and metro areas.

Stay tuned for a deeper analysis of the factors driving these price increases later this week. Don't miss your chance to take advantage of this booming market!

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