Rising prices and further interest rates expected for 2024

Housing experts are warning of a double hit of rising prices and interest rates next year.

Property data company, PropTrack is predicting the cost of homes will increase between one and four per cent in 2024.

Perth, Adelaide and Brisbane are expected to record the strongest gains.

While interest rates may fall eventually, economists aren’t ruling out further interest rate rises.

Australians have already been dealt 14 rate rises since May 2022.

( Sky news )

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