Podknife - Australian home prices increase to a record high by RN Breakfast

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Australian home prices increase to a record high

Podcast |: RN Breakfast - Separate stories podcast
Publisher |: ABC Podcasts
Media Type |: audio
Podknife tags |: Australia,; Interview,; News & Politics,; On The Radio
Categories Via RSS |: Daily News,; News
Publication Date |: Dec 06, 2023
Episode Duration |: 00:05:04

Despite multiple interest rate rises and a cost of living crisis, home prices in Australia increased 5.5 percent this year to a record high.

And even though interest rates are expected to stay higher for longer, home prices are expect to keep rising next year as well. A new report from PropTrack is forecasting 3% to 4% growth in house prices through 2024.

Guest:Cameron Kusher, PropTrack Director of Economic Research

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