House price growth ‘way better than expected’ as further rises expected in 2024

REA Group Economic Research Director Cameron Kusher says the growth in house prices has been “way better than expected” as it was predicted last year's price falls would continue. According to NAB forecasts: Sydney, Melbourne, Brisbane and Adelaide house prices are expected to grow five per cent or more in 2024, while Perth is at 1.2 per cent and Hobart is at zero. “I’d say it’s been way better than expected,” Mr Kusher told Sky News Australia. “Ourselves, like a lot of people, were expecting the price falls we were seeing late last year to continue this year. “We still think prices are going to rise next year – nationally we are…