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Perth house prices to rise 25pc by the end of 2024 as rest of the country slows: ANZ
Perth house prices to rise 25pc by the end of 2024 as rest of the country slows: ANZ 4 October 2024 Matthew Hughes SOURCE: The west australian Author: cheyanne enciso | the west australian Australia’s housing market is showing signs of cooling, according to a leading economist, but Perth is set to buck the trend. ANZ expects capital city housing prices to rise 7.3 per cent in 2024, before slowing to 5.5 per cent in 2025. But outcomes will differ across the country, ANZ economist Madeline Dunk said on Friday. Prices are currently up 18 per cent year-to-date in Perth and over 10 per cent in Adelaide and Brisbane. ANZ is forecasting Perth prices to rise 25 per cent by the end of the year, while Brisbane and Adelaide are forecast to grow around 15 per cent. Melbourne prices are expected to fall 1.7 per cent this year, with Hobart also forecast to move backwards. In the three months to September, housing price growth averaged 0.4 per cent month-on-month, down from 0.6 per cent mid-year and well down from the 0.9 per cent recorded this time in 2023. “Auction clearance rates are down, the median time on the market has lifted and new listings are above their five and 10-year averages,” Ms
SOURCE: The west australian Author: cheyanne enciso | the west australian Australia’s housing market is… Read Article