2024 GUIDE TO PROPERTY INVESTING
The Australian property market stayed strong in 2023 across most regional areas and capital cities, leaving investors wondering what their next best move will be. If you’re thinking about buying your first investment property or adding to your portfolio in 2024, keep the following figures and expert opinions in mind. The Australian housing market proved to be more robust than expected in 2023, and the national average house price reached $753,654, according to CoreLogic. Experts say the upwards trend is expected to continue, with prices estimated to rise by around 5 to 7 per cent nationwide and by as much as 9 per cent in some cities during 2024. House prices have been rising due to a lack of stock caused by building industry shortages and an influx of post-pandemic migration.
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