Australian Housing Market 2024. Sqm research is forecasting flat to falling home prices for most cities except perth and brisbane in 2024. They help to explain why the government will spend $1.9 billion to increase commonwealth rent assistance in coming years.

The latest proptrack outlook report outlines our forecasts for price growth in the year ahead, and we expect national home prices to climb between 1.0% and 4.0% in 2024. Australian property prices are still lifting but the more muted pace of growth suggests affordability constraints are starting to bite, with one economist predicting another leg down for the national housing market in 2024.