Five Bold Predictions for the Property Market in 2024!"

Looking into the crystal ball for the Australian real estate market in 2024, a few projections come to mind:
1. Continued Overall Growth - Expectations of 5% across Australia in 2024, with Sydney and Melbourne leading the way
2. Economic Optimism - Economists foresee a 7-8% rise in property prices
3. Median House Price Peak - Australia's median house price reaching its peak at $1 Million Approx.
4. Regional Variations - forecast of a 5% rise in Sydney and Melbourne, 6% in Brisbane, and 8% in Perth.
5. Dynamic Changes in the Market - It's anticipated that the real estate market will adjust to new norms as purchasers prepare ahead, factor in rate increases, and become more aware of their reduced borrowing capacity
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