Original article by Mackenzie Scott
The Australian – Page: 6 : 7-Feb-23

Cameron Kusher of PropTrack says the firm expects dwelling prices to fall by up to 10 per cent nationally in 2023. He says house prices in the largest capital cities are likely to fall the most, with a downturn of 8-11 per cent in Sydney and 7-10 per cent in Melbourne. Kusher adds that house prices in regional areas are also likely to fall, given that they have recorded stronger than capital cities and demand for homes in regional areas is slowing. PropTrack has factored in two interest rate rises in 2023, and Kusher says a rate cut late in the year is a "very real possibility".

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