WHEN AUSSIE HOME PRICES WILL SPIKE Source: https://www.realestate.com.au/, James MacSmith, First Published Jan 25th, 2025 Australian house prices are expected to struggle in 2025 in comparison to previous years, but they will take off again in 2026 according to a new report. Aussie house price growth is predicted to slow this year, outpaced by the rise in value of smaller dwellings. According to KPMG’s latest six-month property report on Australia’s capital cities, overall house price growth this year is set to rise by 3.3 per cent. That is down in 2024, which witnessed an average 5.1 per cent rise nationally. Unit price growth this year is expected to be in line with 2024’s average of 4.5 per cent. One of the main emerging trends highlighted in the KPMG’s Residential Property Market Outlook report is that unit prices are expected to outpace house prices over the next two years. “The shift will be largely driven by ongoing affordability constraints, particularly in capital cities, where the escalating prices of detached houses have left a large portion of the population priced out of the market,” the report finds. “As a result, there will be growing demand for units, as a more affordable housing option.Attached dwellings Opening Lines 5 BUSINESS VIEW OCEANIA VOLUME 07, ISSUE 01
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