Domain's forecast for Sydney's property market in FY23-24

Wonder what the forecast for Sydney's property market will be in 2024? Hear from Domain.


17 July 2023

Wondering what the forecast for Sydney's property market will be in 2024?

According to Domain’s Forecast Report Financial Year 2023-24, Australia’s housing market will be in a well-established, steady recovery over the 2023-24 financial year.

While unit prices are predicted to have more modest growth than houses, it is predicted that Sydney unit prices are to increase by 2% - 5% by the end of FY24, and will be close to a new record high by the end of next financial year if the projected growth eventuates.

It is also forecasted that population pressures will drive housing demand and property prices higher, particularly with the momentum in lifting temporary and permanent visa grants to alleviate skills shortages.

So it may have you thinking should I secure my first new home at today’s prices? Read more on Domain.com.au.


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