Reported about 14 hours ago
A recent Reuters poll indicates that home prices in Australia are projected to steadily increase over the next two years, driven by tight supply and anticipated easing of interest rates by the Reserve Bank of Australia. Analysts forecast a 5% rise in prices in 2025 and 2026, despite earlier interest rate hikes. Factors contributing to this trend include a historically low unemployment rate and strong demand against a backdrop of housing supply shortages. Prime Minister Anthony Albanese has also launched a program to construct 1.2 million homes by 2030 to address these challenges.
Source: YAHOO