Overinflated or set to fly? The factors driving property in 2024
Will Sydney continue to inhabit its own property universe? Can Perth, Brisbane and Adelaide deliver even more stellar capital growth? Is Melbourne the next big thing in real estate?
Areas with affordability complemented by good transport options, established local schools and nearby parkland, are most likely to float above the pack for investors. (Image source: Shutterstock.com)
There have been a range of factors driving house prices this year but where is it all headed in 2024?
Let’s take a look at the four major factors driving the market’s trajectory and see how things are likely to develop in the new year.
What happened to property in 2023?
The year started with a crowd of pundits telling us home prices would fall into a trough as interest rates rose.
That didn’t really work out as you can see from the chart belo…
