Australian Housing Market Update – 2023 in review

As we close out 2023, this update will summarise trends in the Australian housing market. Market performance will be assessed against some of the major risks flagged for the year, including the ‘fixed-rate cliff’, a rising cash rate and a loosening in the labour market. 

This will include:

• Nature of the housing market recovery – strongest / weakest performance across housing markets
• Supply and demand dynamics that underpin these trends
• Rental market pressure and which markets are showing signs of easing
• Where to for the housing market in 2024?