Australia’s property sector could be about to experience moderate headwinds, according to new research from SQM founder Louis Christopher. His latest annual boom and bust report forecasts prices could fall in Sydney and Melbourne in 2024, with Canberra and Hobart the biggest losers.
He says higher interest rates will put off buyers.
Subscribe: http://ab.co/1svxLVE
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia