Original article by Nila Sweeney
The Australian Financial Review – Page: 32 : 30-Nov-23

Domain Holdings is upbeat about Australia’s residential market, forecasting that house prices will rise by seven per cent nationally in 2024. Dwelling prices in Sydney are tipped to rise by up to nine per cent, while prices in Melbourne are expected to gain four per cent. Nicola Powell from Domain says house prices could fall in early 2024, particularly if there is another interest rate rise and inflation remains high. Powell adds that dwelling prices could rebound if there is an interest rate cut later in the year.

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