For housing, the big question on everyone's mind is whether the property price gains seen in 2023 will continue next year. While there are many uncertainties, we do see national home prices ending 2024 higher, though the outlook varies widely between states. From January to November 2023, national property prices increased by 5.5% . Capital city prices were 6.6% higher and regional prices were 2.8% higher. An outcome not many expected after 2022’s fast falls. Over the year, house prices have risen at a moderately faster pace than unit prices, with increases of 5.6% and 5.0%, respectively. It should be noted that capital city house…
