Australian Housing Market Forecast 2024. Australia’s housing market has endured yet another unusual year, with three themes characterising the year, according to the domain’s 2023 end of year wrap and 2024. Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents across australia in 2023.
Here’s how australian housing market performed last year and what you can expect in 2024. The australian housing market holds immense significance, with the nation’s residential housing stock valued at a staggering $10.4 trillion as of late 2023, as per the.
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