Australian property prices could rise 10pc on lower rates, taxes

According to The Australian Financial Review, house prices could jump about 10 per cent nationwide this year and borrowing capacity could rise by the same amount because of the combined effect of lower interest rates and income tax cuts, experts said.
Jarden chief economist Carlos Cacho said house prices were still expected to rise this year, even without a rate cut, but a decline in borrowing costs could fuel larger gains.
“Our forecast is for prices to rise by around 5 per cent this year without a rate cut, so this would suggest that price growth could increase closer to 10 per cent, rather than our 5 per cent expectation.”

https://www.afr.com/property/residential/property-prices-could-rise-10pc-on-lower-rates-taxes-20240204-p5f29m