Five reasons to expect a cooling in the Australian property market and falling prices in 2023

Australian home prices have boomed this year. They are up 22.2% over the 12 months to November according to CoreLogic with Hobart (+28%), Sydney (+26%), Brisbane (+25%), Canberra (+25%) and regional prices (+25%) leading the charge. This is the fastest annual increase since 1989. Average capital city prices are now up 18% compared to their previous record high i

“Rising property prices are a topic of constant conversation at the moment with prices in Sydney up over 25% this calendar year.  This article suggests more modest growth in 2022 & a fall in prices in 2023.”

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