Sydney, Brisbane, Perth house prices to rise 12pc this year

According to The Australian Financial Review, house prices in Sydney, Brisbane and Perth are predicted to climb by about 12 per cent this year, fuelled by the lingering supply shortfall and increased demand, according to an upgraded forecast by NAB.
The rosier prediction comes as expectations for a housing market recovery over the next few years by property professionals strengthen, with confidence levels hitting their highest levels in about two years.
NAB has substantially upgraded its house price predictions from the previous quarter and now expects house prices across the combined capital cities to rise by 8 per cent this year and a further 5 per cent by 2024.

https://www.afr.com/property/residential/sydney-brisbane-perth-houses-to-rise-12pc-this-year-nab-20231024-p5eekn