Australian Housing Trends in 2024: Prices Forecasted to Rise, Slower Growth

Published on December 7, 2023

Australian housing prices are predicted to increase in the next year, though at a slower pace than in 2023, driven by tax cuts, robust population growth, and sluggish housing supply. The latest PropTrack Property Market Outlook Report (pdf) predicts a 1-4 percent growth in home prices nationwide, slightly lower than the 5.5 percent growth in 2023. In November 2023, property prices achieved new all-time highs, marking the 11th consecutive month of continuous increases. PropTrack’s director of economic research, Cameron Kusher, anticipates ongoing trends from 2023 will drive price growth in the coming year despite higher interest rates affecting borrowing capacities and housing affordability. “Reflecting on 2023, a number of factors drove the home price rebound,” he said....

Continue reading on website
Other news

Authoritarian Governments ‘Don’t Last,’ Chowdhury Says Amid AI Race With China

December 7, 2023
During a House Oversight Committee hearing on Dec. 6, Rep. Stephen Francis Lynch (D-Mass.) expressed concern about artificial intelligence competition with China, specifically noting China’s unrestricted full-spectrum surveillance of its population. Data scientist Rumman Chowdhury commented that such practices “don’t last.” The hearing centered on the “White House Policy on AI,” addressing the cha

Alan Jones to Sue Media Group for Defamation Over Indecent Assault Claims

December 7, 2023
Lawyers acting for former radio broadcaster Alan Jones are planning to sue Nine Newspapers and its reporter Kate McClymont after the publication of “demonstrably false” allegations of indecent assault committed by Mr. Jones.Mr. Jones’ lawyers, Mark O’Brien Legal, issued a statement just hours after the story was published on the online front page of major newspaper mastheads The Sydney Morning Her