ANZ revises forecast as house prices rise faster than expected

According to The Australian Financial Review, Sydney’s house prices rose 1.3 per cent in the three months to March, the first quarterly increase in a year and the most substantial gain since 2021, Domain data shows.
House prices in the combined capitals also rose for the first time in a year as the market reached a turning point during the first quarter.
ANZ is predicting Sydney house prices to rise 2 per cent this year and Perth to lift by 1 per cent.
Melbourne is forecast to end this year flat, but Brisbane is set to fall by 2 per cent, Adelaide by 6 per cent, Hobart by 8 per cent, Darwin by 4 per cent and Canberra by 5 per cent.

https://www.afr.com/property/residential/anz-revises-forecast-as-house-prices-rise-faster-than-expected-20230425-p5d36c