House Prices Could Soar over 2024-25!
- Catherine Cashmore
- Oct 7, 2023
- 4 min read
Updated: Apr 6
A new report produced by research firm KPMG forecasts house prices to surge over the next two tears, with a rise nationally of 4.9% over the next nine months and then another 9.4% in the year to June 2025.
KPMG’s property report on Australia’s capital cities speculates that apartment prices across the country will see an average rise of 3.1% by next June, followed by a 6% increase in the next 12 months.
And as we’ve been forecasting over at Cycles, Trends & Forecasts over the last few years, the report highlights that Perth, the mining capital of Australia, will capture the greatest gains — with a rise of 8.4% over the remainder of the financial year.
But then suggests that Hobart will overtake other cities in FY25 and rocket northwards by 14.2%.
They also say that Hobart units will outperform all other capital cities with rises of 8.7% and 10%, respectively, over the next two years, followed by Sydney, Melbourne, and Adelaide.
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