What will happen to house prices in 2024? | The Business | ABC News

House prices have almost hit a record high across Australia, however there are signs the boom is easing. For much of 2023, the property market defied the odd, despite rising interest rates. We get tips from experts about how, when and where to buy the dream home. In many capital cities, there's just not enough properties up for sale. Finding somewhere to rent is also getting harder with prices are at a record high. In this special summer episode of The Business, we talk to economists, real estate agents and auctioneers about where house prices and rents are going in 2024. The program is presented by Alicia Barry.
00:00 Introduction
01:35 Market 'still hot'
02:17 Auction tips
02:38 How do I use a buyer’s agent?
03:27 The trajectory of the market depends on where you live
07:29 CoreLogic's Eliza Owen's 2024 price predictions
13:30 Tips for prospective buyers
14:42 Will more properties come on the market?
15:01 Why 2024 could be a 'positive year'
15:43 Is there any rental relief in sight?
20:40 Living in a granny flat in your 40s
24:19 Rental crisis tough but 'stabilising'
25:34 Advice for aspiring tenants
26:00 What landlords look for in tenants
26:28 Landlords feeling the rates pinch
26:58 Reasons why there are fewer rental properties
27:35 Outro
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