House Price Forecast For 2024 Australia. National home prices lifted 0.22% to a new peak in august, and are now 6.16% higher than a year ago. That momentum supported unanimous expectations that house prices nationally would increase in fy24, according to a survey of 10 economists and analysts conducted by the australian financial.

An interest rate cut will spark demand  affordability issues and lower borrowing power will continue to place a. Across australia, abs data shows that in 2020 the average house cost $678,500 and in 2023 it’s now $925,400.