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Housing Market Predictions For the Year 2023 in Australia | #housing market predictions

Housing Market Predictions For the Year 2023 in Australia

Housing Market Predictions For the Year 2023 in Australia

Australian house prices are expected to fall in 2023, according to the Commonwealth Bank. This is a result of a rapid tightening cycle. Consequently, the value of the existing housing stock is predicted to fall in 2023 by about five percent nationally.